Will school tuition be less in the future?
School has become a business here in the US. I have seen other countries and University tuition is not high. They want people to go to school and be educated. In addition, I have noticed the quality of teaching material is better as well as teaching methods. Is that going to get any better?#college #college-tuition #financial-aid #financial-planning
Tuition has been increasing by 3 to 7% each year and it will only get expensive each year. If you want to go to college you need to carefully chose your major, and the college you go to, and how you pay for college and how much student loans you take on. College will put you into debt but if done the right way it can add tremendously to your income.
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This is a great question. Unfortunately trends continue to show that college tuition increase yearly. A recent study showed that tuition rised 5% annually over the last two years. Here is good report that is very informative on this topic:
I'd like to provide you with some additional information. Here are highlights from College Board Annual Trend on College Pricing and Student Aid report (10/19/2018). . .
- Average published in-state tuition and fees in the public four-year sector increased by $250 (2.5 percent), from $9,980 in 2017-18 to $10,230 in 2018-19. Average total tuition and fee and room and board charges in 2018-19 are $21,370.
- Average published in-district tuition and fees at public two-year colleges increased by $100 (2.8 percent) from $3,560 in 2017-18 to $3660 in 2018-19.
- In the public two-year and private nonprofit four-year sectors, published prices are more than twice as high in 2018-19 as they were in 1988-89. The average in-state tuition and fee price in the public four-year sector is about three times as high in inflation-adjusted dollars as it was in 1988-89.
- Overall, two-year colleges accounted for 43 percent of the public full-time equivalent undergraduate enrollment in 2016. In seven states, this share was 50 percent or more.
With the cost of tuition rising continuously, I recommend that you start searching for scholarships and grants early. For starters you could check with your Counselor. Also, remember to look in all places because you never know where financial aid funds may come from (ie, church, friends, family, donations, work, etc.) . I wish you much success on your journey.
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The seconds concept occurs because most students do not receive enough grants or scholarship funds to pay for college. All federal students loans are guarantee default by the government. Simply meaning the universities know a great percentage of that loan borrowed by the student will be automatically paid to the school but if there is a default. The burden of financial responsibility will be incurred by the borrower the student to pay back the loan plus penalties and interest.
This process will encourage higher cost for education because the academic institutions are insured to receive funds guaranteed by the government but the student will be stuck with the bill upon six-months of completing their degree.
Schools use the school tuition to take care of their buildings. I think that school tuition will be more in the future because with time the value of money decreases. So if you are a new student , I advise you to apply for scholarships and have a good GPA.
There is no easy answer other than to look at how much you will benefit from going to college, meaning what is the ROI on the cost. Look at technical schools to learn a trade, which has much lower tuition. CNC operators, electricians, plumbers, mechanics, laborers, etc can make six figures.
Other options to lower costs are to take college level courses that transfer in high school, and attend a local college for the first two years to complete an associates degree and then a four year college to complete a Bachelor's degree. If you want to move into a management level position you will need to complete a Master's degree, which requires even higher tuitions. Earning a scholarship will lower costs, so look at what scholarships are offered by your preferred college and make the effort to earn it. Employers also offer tuition assistance for employees wanting to move up in the company. Scholarships are also offered by many non profit organizations. Do the research to see what you can take advantage of.
Getting back to your question, let me say that school is getting more expensive in every country. I have a step son who is going to school in Mexico to become a doctor. Tuition is expensive there too because of inflation among many other things. We hope he reaches his dream of becoming a doctor here in the U.S.A. in the near future.
One advice to students would be to be focused and put an extra effort in what you are learning in elementary, middle school or high school because everyone suffers when we don't give it 100%.
Another advice would be finding your interest in a career you would like early in life; even if you think it's too expensive or too difficult you need to first aim high and expect good things to come out of that decision.
I hope this helped!