Saturday, September 5, 2009
Why College Costs Rise, Even in a Recession
This article caught my attention and raised a few questions for me. The question being asked is, where is our money going when the cost of college rises? Will the price of college ever stay the same or even decrease? College tuition has only gone one direction...up. Lafayette College President, Daniel Weiss, discusses some of the difficulties Universities have when looking into making changes. Various costs from salaries of faculty to non-faculty are included in students tuition. It would be great to see where all of our money is going specifically. Some schools are allowing students to graduate in three years and saving money that would be spent on the fourth year. I know most students agree on the topic of tuition being plain crazy, but hopefully our benefits we receive from attending OWU will outweight the cost in the longrun.
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5 comments:
I understand why our tuition costs rise each year. I just think it is crazy by how much they do increase! Of course inflation has to be considered, improvements to the college and hiring more staff/ faculty but still the increases in tuition just keeps putting a heavier and heavier load on the already heavy load that college students and their parents face.
That I said I do agree with your last statement, Rachel that the costs of attending OWU will definitely be outweighed by our future benefits we will receive! Great article, very eye opening!
Like any student, I understand that paying a higher and higher amount for tuition each year is aggravating. However, the article did mention that the real price of tuition is rising only slightly faster than inflation. While rising tuition is an issue, perhaps it is not as big an issue as inflation leads us to believe. Still, one point I liked and agree with is about how certain majors do cost less than others. For example, an English major should not have to pay for all the things a chemistry major needs.
Good article Rachel. In my mind the current tuition for attending a private college is outrageous. The question is; are private schools still worth their cost? I'm not arguing either way, but with schools like OSU's Fisher College of Business being one of the great undergraduate business programs in the country, and for half the cost of private schools, state schools are looking more and more appealing to potential students.
I think that this topic will get more attention in the future as more people try to attend college. I'm hoping that Alexandra is right and that the costs of a private education will be outweighed by the future benefits.
I agree with John when he brings up the question of private colleges being worth their cost. The cost of our tuition at OWU is ridiculous, and I know that other private schools do have the same issue. The top schools in the nation (Harvard, Princeton, Yale, etc.) all have a cheaper tuition than Ohio Wesleyan. I do know that college education is a good or service that is always going to be in high demand, therefore, institutions realize this and can raise tuition. But with the amount we are paying, it is a very good question to wonder where the money is going. I do believe that in the long run, it does pay off to have paid the amount we are to attend this university, for the reputation it does have for the education.
It s kinda sad to know that the cost of college is always going up.. I agree with John that hopefully paying this much money will be worth it. Due to high college price not everyone can afford to pay. Students have to take out loans and paying off loans is hard as the present situation of economy is not going to help. I hope not every student turns into a "Trina Thompson" a graduate of Monroe College who wants to sue her college for $70,000 she spent on tuition and is still unemployed. you guys should check out this link: http://www.nbcnewyork.com/news/local-beat/College-Grad-Cant-Find-Job-Wants--Back-52304162.html
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