Tuition on the Rise A Cause of Turmoil - 1111 Words

Tuition on the Rise: A Cause of Turmoil Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a â€Å"rags-to-riches† scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its†¦show more content†¦It was found out that the removal of in-state tuition resulted in substantial decreases in total enrollment, resulting in less students able to fulfill their dream of being able to go to college in order to pur sue a successful career of their choosing. In effect, this greatly limits students’ choices in their future goals and education. Despite the vast amounts of negatives associated with the advent of the rapidly increasing tuition situation, there is at least one positive impact. â€Å"Using a regression discontinuity design on data from Bocconi University in Italy, we show that a 1,000 euro increase in continuation tuition reduces the probability of late graduation by 5.2% when the benchmark probability is 80%† (Garibaldi). As shown in the study, when tuition is raised in large amounts, the probability of students graduating late also decreases. This happens because students are afraid to stay in college even longer as the massive amounts of tuition would make them collapse under its weight, so the students decide not to change majors in order to escape the costs associated with extending their years in college. The decrease in delayed graduates is very good for the global economy, as new graduates will be out in the real world faster, making them capable of filling jobs to empower our economy. Poor students are most greatly affected by the swift rise in tuition, and this is especiallyShow MoreRelatedRising College Tuition1114 Words   |  4 PagesTuition on the Rise: A Cause of Turmoil Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dotRead MoreIs College An Option For All Students? Essay1655 Words   |  7 Pagesamount, they will be paying back the loan for 10 years or longer, at monthly payments of around $350. And with almost $100,000 to pay back, many more people have been forced to enroll in loans than ever before. 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