Download - Higher Education Power Point
Higher Costs Over the years, the cost of higher education has been
increasing and is a luxury many can no longer afford.
Budget cuts and limited financial aid puts college
costs more on families instead of state.
The amount that government contributed to the cost
of education decreased by about $100, but the amount students contributed increased by about
$1,50 0 (adjusted for inflation).
Tuitions and fees increase but incomes do not.
What does this mean for the future college students
and graduates?
History
Higher education was once reserved for men of the
clergy. It is now an essential career source.
It once consisted of just a traditional liberal arts
curriculum.
As it opened to the public, so did the door to the
sciences and vocational training. This created a
large educational workforce
Since the opening of Harvard, college attendance
has steadily increased.
History As attendance increased, new
universities were established.
Affordability was still a
problem. College was usually
reserved for white male.
The G.I. Bill paid for the college
education and expenses of 8
million returning GIs. This
included tuition, books, and
even gave GIs a sum for food
and housing.
Middle-class and lower-class
were now represented in
college population. Without
worry of cost, number of
students nearly doubled.
Current State
As of today, it is estimated that the cost of higher
education has increased by 1,120% over 35 years.
The average tuition at a 4-year public institution has
increased 15% between 2008 and 2010.
Current State As tuitions rise, so does the national student loan debt. It
has recently hit $1 trillion.
College attendance is currently being funded by the debt of the middle class. Taking out loans and attending college is more difficult for the lower-class
“Measuring up 2008” compared college costs against average family income
Net cost of a four-year public university accounted for 28% of the average family income. A four-year private university accounted for 76% of the average family income.
For those with income within the lowest 20%, the cost of a public university was 55% of the average income
Community college accounted for 49% of the poorest families’ income
Future According to the biennial report from the National
Center for Public Policy and Higher Education,
college tuition and fees has increased 439%.
Average Family income has only increased 147%.
Student loans have more than doubled in the last
ten years, to a record $20,835.
According to a report by the National Association
of State Universities and Land-Grant Colleges, if we
were to project to 2036 tuition would increase from
11% of the family budget to 24% of the family
budget.
Future
Students are currently looking at $20 thousand a
year for a public institution, and $40 thousand a
year for a private institution.
As costs continue to increase, the amount of
attendees and graduates will decrease, along with
the quality of education.
The more budget cuts made to higher education,
the more the education received is diminished.
Already courses have been cut, part-time faculty
on the rise, and student support services eliminated.
Future
The graph to the left depicts the rate of inflation of college education through 2011
The graph to the right depicts the projected cost of college in 2029-2030 school year
Future
Higher education is projected to grow throughout this decade due to the class of 2009 – the largest high school graduation class in the nation’s history.
Universities would have difficulty accommodating so many students. This, along with the recession, will lead to an increase in tuition and fees.
Surveys reveal this class of students have high college aspirations – despite being among the poorest.
California has already increased costs and prices, reduced productivity and cut access to higher education by 50,000 students.
Conclusion
Higher education is not considered as high a priority as it once was.
The future of higher education will remain questionable as long as we continue to treat it as a luxury rather than a necessity.
We currently live in a knowledge-based economy. Without a college education, it will be difficult for these students to find any employment sufficient enough to support a middle class family.
If students intend to maintain a middle-class lifestyle, they cannot do so with anything less than a college education
Conclusion
To neglect funding of what is an essential tool for careers to day puts the nation in jeopardy.
Keeping higher education affordable and maintaining a steadily increasing number of college graduates is what aids the U.S in maintaining a competitive status in the global economy.
If higher education is no longer affordable, we lose college graduates, and in turn lose our status.
If the United States intends to keep its place in the global economy, then it must do more in order to generate more college graduates.
Conclusion
For states to cut funding to higher education, raise
tuitions and fees, and expect parents to contribute
an even higher percentage of their income is not
the answer.
The income of the middle class does not rise with
inflation and does not increase with the rise of
tuition, and the percentage contributed by parents
is high enough as it is, even with the aid of financial
aid.
Higher education has to be treated as the priority
that it is before it is lost to all.
Sources
Jamrisko, Michelle. "Cost of College Degree in U.S.
Soars 12 Fold: Chart of the Day."Bloomberg.
N.p., 15 Aug. 2012. Web. 10 Mar. 2013.
Kaufman, Claire. "The History of Higher Education in
the United States." History of U.S. Higher
Education. World Wide Learn, n.d. Web. 10 Mar.
2013.
Lewin, Tamar. "Higher Education May Soon Be
Unaffordable for Most Americans, Report
Says." The New York Times. The New York Times,
03 Dec. 2008. Web. 10 Mar. 2013.