Sunday, April 09, 2006

Higher Tuition, at what price?

Just when the common consumer was worried enough about how much money he/she would have to spend to fill up the tank, now the common adolescent population has to wonder how much money their college tuition will total up in the up coming years. In this research study, plans have been approved to increase the tuition costs for state universities across the nation. This is worth much attention because who knows how many high school graduates will end up dropping out or not attending college at all?
This could cause a decrease in the consumer demand for college attendance. Although this would produce a price drop in the market, it still would harm the chances of promising young people thier dream jobs because neither they nor their families could afford a bill as large as college tuition. Not only that, but it would probably stress parents to stress their own children to do good in school to earn numerous scholarships for college. What could the government be promising with the increase in college tuition? It makes no sense to me and I believe that all this could do is tarnish the futures of millions of talented youngsters everywhere.

1 comment:

Greg Delemeester said...

Could it be that colleges are raising tuition because the demand for college has gone up? Could it be that college are raising tuition to cover the cost of all the nice, new amenities they are adding to their campuses (rec centers, libraries, new programs of study, etc.)? Remember, price is determined by the interaction of supply and demand.