Schools are also tasked with periodic follow-up on the ongoing requirement for tuition increase, as well as maintaining a dialogue with students on the quality of education vice the increase in cost.
When public colleges are required to increase tuition, they also bear the burden of detailing how additional tuitions will be used. It is most effective when schools implement tuition increases that a portion of the increase be used to plan cost-cutting measures which in turn will reduce the need for future increases.
Many parents facing tuition increases are in precarious financial situations. Most families require that both parents work, and the loss of a job or the breakup of a marriage can reduce financial standing.
Unstable economies which drive up tuition costs also leave families with less income to commit to education costs. Many states now provide prepaid plans and state 529 plans, allowing parents to save in advance for student tuition costs. These plans protect parents against tuition increases for years in the future and allow the states to have money in the 529 reserve accounts. These programs are helpful for the parents, but may possibly place public colleges in a poor financial state should the future be unstable economically. The systems are also complex and now require that many schools employ professional organizations to assist with management.
Lastly, internal budget cuts are the most obvious outcome of public college funding issues. While tuitions may rise, it is inherent that the college review finances intimately to keep future increases as low as possible. Funds must be reallocated to decrease the impact on vulnerable areas. Schools are required to walk a fine line between fiscal and educational responsibility. Colleges must work to maintain educational...
" (McClure, 2002) the outcome of the higher costs of college education is that the education gap existing in the country is widened. "Teens whose parents have degrees start out thinking they'll go to college (86% say they plan to get a bachelor's degree). But less than half of the kids whose parents have a high school diploma or less expect to get a college degree. Later, those expectations are
Public College Education in the United States Be Free for All? Education should be free for all U.S. citizens in the United States in order for the U.S. workforce to effectively compete in the globalized economy. I believe education is integral to national and personal well-being. The current U.S. economy is highly global and competitive, and for it to become, and remain, strong, the nation requires the world's most highly educated
Federal admission issues Before one can even consider the issue of whether or not illegal immigrants should be eligible for financial aid, one must first investigate whether or not these students are even permitted to attend American institutes of higher education. Like the other questions addressed in this paper, there is no clear answer to this question. At this time, there is no federal law prohibiting illegal immigrants from attending institutes
College of Central Florida has only one sustainable source of competitive advantage, which is government funding that allows it to be a cost leader, while still offering high quality programs. Other advantages are perhaps less sustainable, but the school has been able to carve out a niche in the competitive market for higher education in central Florida. Its location serves people in a specific geographical region, and its programs are
(Corey, 2005, p. 3) Now, again these costs are outstripping the ability of institutions to offset them and again other programs or individuals will then be asked to pay them. (Davis, 2003, pp. 1-2) According to these three experts the situation has again reached a pinnacle, as there will be a saturation point, where institutions may begin to reduce tuition discounting, as they become more aware of the risks they
College Investment $25,000 Investment P= $25,000 r= 2.47% t= 5 years n= F (t) = P (1 + r/n) nt F (t)= $25,000(1 + 2.47%/1) The total amount of the investment is $28,243.84 after 5 years (maximum amount of time for CD as advertised). Bank offers Certificates of Deposits for 19, 37 and 59 months (U.S. Bank, 2011). Although this Grandmother would like to save for a child's education and therefore has more than five years, many
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