A recent article at Scholarships.com asserts that recent high school grads recognize that their High School classes were not challenging enough to prepare them for college and/or the ‘real world.’ See the article:
Today, the New York Times highlighted the rising cost of a college education. New data released by the Department of Education (required by the Higher Education Opportunity Act of 2008) highlights the cost of education by institution. The website, the Act Information on College Costs highlights tuition, fees, average cost of living, the net cost (tuition and fees less grants and scholarships), and even demonstrates those institutions with the highest and fastest rates of increase. According to the study, the average tuition of a non-profit institution was around $21,324.
The New York Times also highlighted additional data released that is shocking for those of us who have ever worked in higher education and have been aware of teh rising cost of college expenses. The data namely states that two-year or community colleges (long the most affordable form of education for generations) is now being priced out of the range of many students – seeing a 71% increase from 1999-2009 (while family income has fallen more than 4% over the same time).
Soon the government will also require higher education institutions to expand consumer information to include details on its graduates’ employment rates, average debt load, and rates of graduation. To read more about this, check out the article in the New York Times.
It’s that time of year when many high school seniors are donning silly hats and listening to clichéd speeches about the future. They are also making decisions about whether or not to attend college. A recent survey released by PEW Research Center and the Chronicle of Higher Education has revealed some alarming information about the state of America’s colleges and the prohibitive costs of accessing the American Dream. Anyone who has gone to college in the last few decades understands the crippling cost that can accompany higher education (I for one will be paying off my loans for many, many years to come). The cost continues to rise and there is no ceiling in site. With the state of the economy, and fewer than 25% of college grads finding full-time work after graduation, legitimate questions are being raised about the cost/benefit of a college education.
Public anxiety over college costs is at an all-time high. And low-income college graduates or those burdened by student-loan debt are questioning the value of their degrees, or saying the cost of college has delayed other life decisions.
While most people cite the role of a University education is to provide a greater competitive edge in the market (with a college degree holder making on average $20,000/year). However, when questioned, most college administrators cite its role in personal and intellectual growth. A wonderful ideal, but is it worth a six figure price-tag?
There is no doubt that the American educational system is in crisis. During a budget crunch year, destroyed economy, and rising global pressures, we must re-examin the American Educational system.