The number of high school graduates have been steadily increasing over the past few years. From the 2014 to 2015 school year, the amount of high school students who graduated increased by four percent. Although, this doesn’t mean that all of those graduates can enter a college or university. In fact, college enrollment rates have been decreasing. One of the reasons to why this is occurring is due to the inflation of college tuition from recent years. Not all students are able to afford to go to a college because of this. Colleges and universities in the United States should reduce their tuition.
Every semester, a student spends an average of $20,000 or over for their tuition. If a student were to take four years of college, that student must spend approximately $160,000 in total. Students may not be able to focus on their school work because of the massive cost of tuition they must pay up. They would most likely have a difficult time purchasing other vital necessities such as food, clothing, and rent if they use all of their money on their tuition.
Others may say that students who are struggling financially should take out a loan if students truly want to continue their schooling. However, the loan the student would take out would need to be paid eventually after the student graduates. In 2016, the average student loan debt was $37,172 per student. Student debts have increased by six percent from the previous year. As of now, American students have over $1.2 trillion in debt.
More students could attend a college if they know that they are able to afford the whole cost the college is seeking. Students who have families that receive low incomes are essential to why there are less students entering colleges. Low-income families receive less financial aid for their children than families of higher classes. Middle-class families can receive the amount of financial aid for a private college as of an in-state university. From 2013, there are only 45.5% students of low-income families are enrolled in college. Compared to high school graduates who are in a high class family or middle class family, low class families faced the most significant decrease.
Although, if colleges and universities lower their tuition, the professors of those schools would need to do more work and handle more students for a lower salary. It is undeniable that having to manage from 50 to over 100 students for a single class. Despite this, the average salary of professors is $114,000 per year; this is more than the United States’s average salary of $72,000. Having the salary of college professors lowered most likely wouldn’t have a strong impact since they receive high earnings.
After graduating from high school, graduates are expected to go to college so they can get a job; one of the ways to get a better job is by receiving a college degree, which is only receivable by finishing college. Earning a degree can give people an easier chance of obtaining a better job. That job would also have a higher salary compared to a job obtainable without a degree. Employers find that having a college degree is vital as they see graduates with degrees to be more experienced and skilled.
Of course, simply having a college degree can’t always grant a job. Some jobs that don’t need a degree can pay at least $50,000 annually. Some males and females who have a bachelor’s degree, which is received after completing four years of college or university, receive $41,000 on average every year. However, earning a degree is crucial because there are degrees can pay more than $50,000 a year. With a master’s degree, which can be obtained by first having a bachelor’s degree and then completing one and a half to two years of full-time study, the highest paying jobs can pay over $100,000. Even though it takes about five years to obtain this amount of payment, it can be worthwhile in the future.
Colleges and universities provide extra support and experience for students who want to pursue a specific career; it is only natural for people to hold a desire to get into college, despite them unable to so because of the tuition. Many post-secondary schools require the students who want to enroll pay up an expensive sum of money. The schools won’t consider the fact that their students also have to spend money on essentials the students would need. Students are also attracted to colleges that have a lower tuition, and because of this, a larger amount of students could attend colleges that have this. In addition, people shouldn’t forget that earning a degree from a college or university can grant better jobs with a higher pay. If every post-secondary school could reduce their tuition, then the United States’s college enrollment rate would skyrocket.