College Costs

2285 words 10 pages
College Costs

Introduction

It's no secret that financing a college education is getting
tougher. College costs have skyrocketed over the past decade or so, and there's
no relief in sight. Average tuition at four-year colleges will increase 7
percent this school year, double the rate of inflation. Student aid is not
increasing fast enough to plug the growing gap between tuition and family
finances. In addition, there is a growing number of older students entering
college today. These students have families that they need to support. I know,
because I am a family man who has returned to school. I wish to finish my
degree at the Rochester Institute of Technology. The only problems I face are
financial in nature. It is with this in mind
…show more content…
The Financial Aid Page explains that:

Congress's budget-cutting Republicans want to spend $450 million
less in
1996 on student grants, a move that education officials say
would take
nearly 200,000 student off the grant rolls. Also at risk: a new
federal
program that helps less affluent students by permitting them to
repay
federal loans over a longer period if their incomes' after
graduation are
modest (Kantrowitz).

Not surprisingly, the American Council on Education an
organization of colleges and universities, recently reported that fewer colleges
than in the early 1990's report enrollment increases among black and Hispanic
students, who are generally less able to pay for college.Once in school, more
and more students must work to pay their tuition bills. At least 40 percent of
full-time undergraduate students are earning while they learn, says the ACE.

The prognosis isn't encouraging. "The tuition spiral is not
likely to end, nor is student aid likely to catch up anytime soon," write
college cost experts Lawrence Gladieux and Arthur Hauptman in a new report, "The
College Aid Quandary." To a nation that likes to think of itself as a
meritocracy, not merely a bastion of privilege, that's a disturbing message
(Kantrowitz).

Well, that's a lot of important statistical information. Enough
I think that most people would like to throw this paper out and forget the whole
idea of returning to school.

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