The Rising Cost of Education

Posted by sonia07      HTML      103 Views      32 Replies

Education entails learning new things within a learning institution or environment tasked with the objective of initiating the studying process. Just like any other entity in the modern society, things are changing in the area of costs. The rationale is based on the issue of modernized technologies and a need to improve one’s life so as to comply with the modern way of life. Therefore, the purpose of this book report is to show in detail following the example of https://writology.com/blog/good-book-report-questions.html how an increase in the cost of education is taking place in the modern world.
Rise of the Cost of Education
First and foremost, it has to be noted that education in colleges, as well as professional and graduate schools have increased in cost more than ever today as compared to 1985. Expensive education is needed for an individual to have a better way of life in the modern life. The rationale is based on the perspective that the better and modern education one attains, the more possibility an individual has to have a better life in terms of employment and a comfortable life status. There has also been an increase in the number of students and money, hence explaining the reason for the increase in education.
Modern learning institutions demand for better modern institutions that need to be utilized by modern students. Institutions entail modernized buildings that can accommodate the increased number of students. The modern student is the one tasked with the objective of paying for buildings, learning materials, as well as paying for tutors. Significantly, the implication here is that changes in education are things that have led students to be given the burden of paying more, hence explaining the increase in the cost of education.
Reasons for the Rise of Education Cost
The problem in the education sector is related with supply and artificially inflated demand. It is also difficult to get hold of scholarships because of issues relating to corruption, whereby only known students are expected to get the scholarship. Furthermore, government institutions used to take care of students’ loans and building of the learning environment until the inflation period that hit the United States in 1970. The outcome of the event was that there was an increase in education cost because the government was not prepared for such an event. It is apparent that several reasons have led to an increase in education cost in the United States.
Furthermore, appropriations that had earlier been set aside with the objective of helping the education sector have also been reduced with time. The outcome of reducing the appropriations by state and local governments has burdened students and their parents to spend more so as to attain the needed education. There are also institutional subsidies that are often a proportion of costs paid from institutional sources. Institutional subsidies usually come from state and local appropriations and during the recession they dry up. The insinuation here is that the presence of the government in the education sector is significant and its absence is often felt in the education sector. The outcome has been an increase in education because such governmental subsidies are not being put into practice.
The increase in education has been felt in the United States and the rationale is based on changes that have taken place. It is noted that inflation and the lack of government subsidies are factors that have led to an increase in education costs. Lastly, despite the increase in education, expensive education is needed to attain a better life as per demands of the modern way of life.
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