THE TOLL THAT RISING COLLEGE TUITION REALLY PAYS:By Kailey Peterson

Why Is a college education so important? College in todays society provides 3 key aspects to its graduates:

Opportunity Experience Pay

In todays economy we have seen a shift from work based to knowledge based economy. A college graduate is 10 times more likely to be hired. From an employers perspective you are more qualified if you have been to college.

College is a time to have new life experiences. Whether they are teaching us how to interact with other people or finding something about ourselves. Experience is important to employers.

While most people think it is greedy to admit it is a reality. College graduates make on average $150,000 more a year than a non college graduate. This means that while it is expensive to attend it is worthwhile to support yourself.

Costs associated with college:

$275 per credit hour on average

Cost for books: $655

The amount of time you spend studying

equates to having a full time job. You could be making up to: $50,000

annually.

Total Estimated cost of a 4 year college:

$32,405 x 4= $129,620

Cost for supplies: $1,168

Average room and board: $10,138

CNBC EXPLANATION: CLICK HERE

The governments role in increased tuition:

Over the last several years the government has commanded a shift in the funding of public education. They have significantly reduced the amount of money given to state governments for colleges. Therefore reducing the amount of financial aid available. Back in the 80’s the average cost of a college tuition was around $8,030 per year. Today it is around $32,000 a year. This is a huge problem because many people can not afford these high costs associated with college. Instead they are forced to take out student loans which accumulate interest.

How does this impact our lifestyle after graduation?

Rise in unemployment levels: Old people have to

work longer to pay for children's tuition

Tendency to save and not spend money: The cost of

college is so high that consumers save instead of

spend. Which does not stimulate the economy

Foil home buying plans: student debt does not leave room for a down payment on homes.

Widens Class divides: college debt especially for

those who do not complete there degree

allows for a lot of debt and no reward.

Each of these things listed above has a profound impact on our lives and the economy after we leave college. These are yet more situations to be cognoscente

of as we embark on the college journey.

What we can do to pad our pockets:

Statistics:

Conclusion:

While the cost of college tuition is growing exponentially, there is still a demand for highly educated individuals. The rewards out weigh the risks 10/10. As the new generation we must embrace and persevere in order to make change to this flawed system.