Higher Education Costs

Paper Summary:

This paper discusses the effects of the increasing costs of higher education in the United States. It describes the demand and economics of higher educations and then looks at why tuition costs are rising at a faster rate than inflation. The paper discusses the effects of this rise on the middle class population and then looks at how it affects the nation as a whole.

Table of Contents:
Introduction
The Demand for Higher Education
The Economics of Higher Education
Return on Higher Education
Managing Higher Education Inflation
Tuition Trends
Why Tuition Costs are Rising so Much
The Effect on the Middle Class
The Effect on the Nation
Conclusion

From the Paper:

"In recent years, the cost of attending a higher education institution has increased at a rate much higher than inflation. Each year students and families are faced with a larger burden when determining how to pay for their essential education. In this day and age, a higher education has become essential to most professions. The young generation of today sees post high school training as a necessity. For individuals to work after high school without a degree or certificate of some sort has almost become not even an option. The current demand for high education is much higher than just a few decades ago. Higher education is no longer left for the elite doctors, scientists, businessmen, and lawyers. Everyone ranging from retail store managers to administrative assistants prefer or require a four-year degree at the least. There are a lot of effects to analyze when looking at the current state of higher education in our country. Many say our country is falling behind other countries when it comes to academics. Some could blame the cost of education. However, it would be unfair to make that assertion without analyzing the society and parents. Regardless of the reason our country is falling behind, we must look at the reasons for increasing high education costs and its affects on our nations families."

Sample of Sources Used:

• Cartter, Allan M. "Economics of the University." American Economic Review 55.2 (1965): 481. Business Source Complete. 25 March 2007. http://search.ebscohost.com.
• Harmon, Colm, Oosterbeek, Hessel, and Ian Walker. "The Returns to Education: Microeconomics." Journal of Economic Surveys 17.2 (2003): 115-156. Business Source Complete. 25 March 2007. http://search.ebsohost.com.
• Hung-Lin Tao. "The Demand for Higher Education and a Test of the Extreme Screening Hypothesis." Education Economics 14.1 (2006): 75-88. Business Source Complete. 25 March 2007. http://search.ebscohost.com.
• Martin, Robert. "Why Tuition Costs Are Rising So Quickly." Challenge 45.1 (2002): 88. Business Source Complete. 25 March 2007. http://search.ebscohost.com.
• McGovern, James J. "Coping With Numbers, Percentages, and rates of Change--'Fluxons' in Higher Education." Review of Public Data Use 4.2 (1976): 27. Business Source Complete. 25 March 2007. http://search.ebscohost.com.

More papers on Higher Education Costs:

• Persuasive Essay # 128570 : "Costs and Quality of Higher Education"
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• Essay # 47288 : "The Impact of Distance Learning in Accounting Higher Education"

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