Sunday, October 30, 2011
The Cost of College
Recent surveys have shown that college tuition is on the rise again and this time, it's a big increase. The biggest price increases were in public institutions. There was 8.7 percent increase for in-state tuition at public two-year schools, and an 8.3 percent jump in the price of four-year public institutions, for in-state students. With this price increase some kids might not be able to afford college near their hometowns and will have to go to a junior college or something like that. This will be hard on the small town people that don't have much money and the kids will lack the higher education that they so rightfully deserve if they have been accepted to that college. Now with these price increases this will give kids more incentive to do better in school and try to achieve a scholarship that will pay for most or all of their college tuitions. For some this price increase means nothing and will not affect them at all. Colleges might see a decrease in the number of kids they have with the new price increase so they could lower the price back down to what they had when they had the most kids going to the their school. It would be nice for everyone if they could find an equilibrium price.