Instead of considering only tuition when choosing a college, future students would be wise to research a school’s history of tuition increases.Student debt is now so high compared to average salaries that many graduates in respectable public professions will be unable to repay their fees even by the end of the 30-year repayment period. In the past five years, U.S. college tuition costs have increased by 24% while in the 2004-2012 period, student debt tripled to more than $1 trillion.
Personally I will be leaving college with about $17,000 in debt and that is from a CUNY School. This is because I do not qualify for financial aid because I do not have a child, I’m not 24 nor have I been deemed homeless by the state. Therefore the state feels its my parents responsibility to pay for my college because they make “enough” money. My father works for the Bd. of ED and my mom is a retired RN, WHO SENT 3 KIDS TO COLLEGE BEFORE ME!
However a personal friend of mine Kamesha Pipkin will be in about $40,000 in debt after leaving University of California San Diego. “The tuition increase has made it difficult to graduate on time. With all of the cuts and lack of funding, it is hard to get into classes that I need for my major, which means that I have to stay in school longer in order to finish my degree. Every semester is more expensive than the last, with no guarantee of classes.” said Pipkin. ,y question to the Universities and the Government is how is this a positive learning environment when we’re paying more for less classes, resources or support?
The class of 2014 had the dubious honor of being “the most indebted class ever,” with the average student leaving school with $33,000 in debt. Parents who have been laid off or are facing foreclosures have had a tough time helping their children get through college when the costs go up.The current university funding system is unsustainable because of the high number of students who will never be able to afford to pay off their loans after graduating, according to a major new report.