The SkyRocketing Cost of College

Visual:  Citation: State Council of Higher Education for Virginia. “Policy Considerations for a Student-Loan                               Refinancing  Authority.”  State Council of Higher Education for Virginia , State Council of Higher Education for Virginia, 1 Nov. 2016.  EBSCOhost , search.ebscohost.com/login.aspx?direct=true&db=eric&AN=ED572921&site=ehost-live. Summary: The Virginia Plan for Higher Education has come up with a plan that is intended to help students re-finance their college loans. This report discusses the types of students that the help is available to, and explains the different requirements.  Author: The author of this report is the State Council for Higher Education for Virginia. This is a verified source because it is an official council, which specializes in higher education, making them knowledgable on the topic.  Key Terms:  1. student loan re-financing: this is when your loans are paid off, with new loans to come, but saves the student a lot of

 Argument & Counterargument The current price of college and the rate that it is rising is unreasonable for young adults to have to pay back, and there should be more programs to aid students in paying these back.  An opposing view is that  the price of college education is justifiable, since you are paying for a degree that you will most likely use for the rest of your life. Some also say that it is worth the price because “higher enrollment has brought an expansion of financial-aid programs, a need to increase budgets for faculty pay and on-campus student services, and a decline in financial support from state governments” (Hoffower 1). While this is true, the price of college is still rising at an alarming rate. Since it has risen at such a fast pace, most older adults do not understand the struggles that current-day college students go through. With tuition prices so high, millennials are currently facing unique struggles that previous generations did not deal with. Having co

 My case is to demonstrate how rapidly the tuition prices of college have increased, specifically by comparing them to the increase of house prices.  The tuition prices have skyrocketed at an alarming pace. Since 1978, tuition prices and fees have increased by 1,120%.  These education costs have grown faster than most things, including the costs of houses.  This is unrealistic amount for a college student to pay back, and the price of education has grown faster than the inflation rate. This helps support my argument that the tuition prices are exceedingly high, and it is not an easily attainable price for young adults to have to pay.