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According to a 2018 report by Education at a Glance, citizens in the United States spend more on college compared to any other country in the world. The spending per student at an American college is. Education experts opine that the high money spending or costly nature of American colleges virtually has no relationship to the value that a student could obtain in exchange.
Student-loan debt and college tuition are higher than ever.
College is costly for an array of reasons. Some of them include:
- Ballooning student services
- A need for more money and faculty members to pay them
- Lack of state funding
- Increase in financial aid
- A surge in demand
Here are some of the other reasons why college is expensive:
Peer pressure
As a certain college increases its rates, the others follow suit. The domino effect is replicated across the country as school administrators are of the opinion that the upcoming rate increase is usually justified because neighboring institutions have sort of jumped into the bandwagon already.
The colleges that intentionally keep the rates low are usually viewed as sub-par by the other schools. In the long run, they might run the risk of devaluing the education worthiness that's received through their brand.
Federal student aid side effect
While it's a necessity of most talented students, federal student aid could be contributing to the issue of escalating tuition fees. Effortless access to the aid normally causes students to be ignorant of the numbers that are in front of them. Secondly, federal student aid has risen gradually over the years to keep up with the prices related to college admission.
The main goal of such programs is straightforward – to bring down college costs. Nevertheless, as the aid amounts increase, the same applies to tuition costs. In the end, it negates the general benefits of raising federal aid.
College degree perception
Many people perceive a college degree as a necessity. In the current job market, a degree is considered widely to be a necessity, even in the many professions that it was initially considered superfluous. This has gone miles to contribute to a spike in the number of students that prepare for professions where they don't necessarily require degrees.
One of the most notable facts is that colleges are normally well aware that they can set tuition as high as they would like and still manage to attract a large student body.
To effectively combat this issue, American students would seriously need to re-evaluate their life paths and then decide whether they need a college degree for them to pursue their dream career.
Students' perception
Unfortunately, colleges usually take students as their clients/customers. Because college administrators believe their product is high in demand and guaranteed to sell at any price, sometimes they view the attendance of students as inevitable. Consequently, some schools focus more on the needs and demands of their professors, investors, alumni, as well as other valuable 'customers,' compared to their student's needs.
College homework can be tough sometimes. This leads to students finding college homework help sites that are reliable like the homeworkdoer.org.