Advantages & Disadvantages of Rising College Tuition

Save

Rising tuition costs make it difficult for college students and their parents to maintain budgets they've set aside for college expenses. Increased costs often mean more school loans and greater out-of-pocket expenses. However, these rising costs also provide funds for colleges to make quality improvements and undergo building projects. Schools say they can also hire additional professional staff to meet students' administrative needs.

A Competitive Edge

  • Increased tuition costs allow colleges to stay competitive in the industry. Some schools use funds to improve technology, such as computers, technical equipment, Internet services and classroom visual aids. Others use the money to hire qualified, experienced teachers, instructors and support staff. Increased tuition costs help schools maintain their facilities, make repairs, build sports arenas, conduct research and upgrade classrooms and academic laboratories. According to "Forbes," state-of-the-art facilities attract more students and give schools a competitive advantage.

Necessary Improvements

  • Colleges say the benefits of rising tuition costs often outweigh the negatives; more money equals more programs and better campus security. According to David Hodge, president of Miami University in Ohio, some schools use the money to improve career centers or develop programs for students with physical, emotional or mental disabilities, as reported in "U.S. News and World Report." They might install more ramps and elevators to aid handicapped students or add innovative technology to help deaf or blind students with academic coursework. Schools also use additional tuition funds to improve security systems, emergency notification systems and campus safety measures.

Financial Stress

  • Increased tuition costs can lead to financial stress for students who have limited resources. Students often set their budgets based on current tuition expenses and aren't prepared for rising costs. They might not qualify for additional college loans or increased loan amounts to cover tuition increases. Many scholarships don't increase even when tuition costs go up. Students may need to apply for more financial aid, federal grants, school-issued grants and scholarships to cover rising costs.

Lifestyle Changes

  • Unexpected tuition costs might force some students to settle for undergraduate degrees even if they originally wanted to pursue advanced degrees. Others might take classes at community colleges rather than enroll in four-year bachelor degree programs. Increased costs will deter some students from completing their college coursework. They might have to work for several months or years to save up for rising tuition costs, delaying long-term, postgraduate career opportunities.

References

  • Photo Credit Ariel Skelley/Blend Images/Getty Images
Promoted By Zergnet

Comments

You May Also Like

  • Facts About the Rising Cost of College Tuition

    The rising cost of college tuition has been an issue of concern in the United States for some time, but with estimates...

  • How to Evaluate Team Performance

    At the professional level, it's almost always about winning and losing. That's fairly obvious, even to the casual sports fan. However, there...

  • The Cons of Free Education

    While Americans are used to the public education system being free throughout the K-12 years, more and more private and charter schools...

  • Pros and Cons of College

    Thinking about going to college? Attending college can have significant ramifications for your wallet, as there are substantial short-term costs, but there...

  • The Disadvantages of Tuition Reimbursement

    Tuition reimbursement can help make getting your education a little easier financially. Many employers offer this option to employees looking to increase...

Related Searches

Check It Out

Can You Take Advantage Of Student Loan Forgiveness?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!