What are the Problems of Rising Cost in College Tuition

What are the Problems of Rising Cost in College Tuition? College fee is the main factor that depends on which institution of higher learning that a student is likely to join unless awarded a scholarship. It directly depends on one’s financial capability. The poor afford the cheap and less desirable intuitions that they can be able to afford while the rich can get access to high class type of education. Policies exist that govern the ability of institutions increasing their fees and at the same time federal government provides payment subsidy to students in order to make the education more affordable. Literature review Governments have shrunk their support for higher education. This decreasing support of higher education by the state†¦show more content†¦While studying this topic of increased college fees, economist from the Federal Research bank, noted that state funding is responsible for rising up the college fees(De George, Ferguson, Spear, 2012) The research is necessary due to the following reasons. Firstly, it ensures equality in terms of opportunities because the study persuades the federal government to make the higher education free so that every student with higher education qualification to study. Secondly, the study provides positive consequences of higher education because it leads to more educated individuals and workforce which is more productive. Economists note that if the issue of rising cost of higher education is addressed then it will lead to more students accessing university education. Research shows that states with more university education are more innovative and productive in growth. Lastly the research is necessary to help state governments to come up with laws that will govern giving payment subsidy to students and not institutions hence refocusing importance on instruction and increase competition.(Steve, 2005) How will it help lawmakers develop good policies or change existing policies? Study of rising cost of college fees will help lawmakers come up with policies or modify existing policies. These kind of policies will be aimed at controlling the cost of higher education and at the same time ensure that all individual that meet theShow MoreRelatedThe Effects Of Rising Tuition On Students Choice Of Future Career Field1308 Words   |  6 Pagesof Rising Tuition Costs on Ferrum Students’ choice of future career field Christin C Hyslop Ferrum College Fall 2014 The Effects of Rising Tuition Costs on Ferrum Students’ choice of future career field Introduction Do rising tuition costs affect Ferrum College students’ choice of major? 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