New Jersey residents are not alone; the rising cost of college in America and crippling student debt has sparked national debate and policy proposals. However, New Jersey has yet make significant progress in curbing costs and remains home to some of in the country.
The Impact : The Rising Cost of College
Along with the rising cost of college, there is a rising cost to not attending college. In 2011, a Georgetown University Center on Education and the Workforce study made media rounds after finding lifetime earnings of baccalaureate degree holders than those without, up from a college premium of 75 percent in 1999. Last year, that those whose education stopped at high school have actually lost average earnings by more than $3,000, from $31,384 in 1965 to $28,000 in 2013 when adjusted for inflation.
Bloomberg - Rising Cost of College
“The high and rising cost of college tuition is well known,” Cooke said in the study’s press release. “But surprisingly, child care is an equally if not more onerous expense. In more than half the states, child care is a bigger expense than even in-state tuition at a 4-year public college.”
Be Blamed for the Rising Cost of College
Kevin Tomlinson made an interesting comment back in September at the annual ; one worth noting here in reference to the rapidly rising cost of college.SmartMoney:For parents concerned about the rising cost of college, financial advisers have traditionally recommended public universities. After al... The rising cost of college sports including generous coaching salaries—has also raised concerns, especially when tuition subsidizes money-losing programs and increases the financial burden on students who don't take part in athletics. One of the main reasons for the rising costs of colleges throughout the country is the demand for acceptance. With supply and demand, the more people that want the same thing usually drives the prices up. More students than ever are attempting to get accepted into college and this allows these institutions to be aggressive in their prices. They know that their places will be filled so if one student decides to go somewhere cheaper then another will come along soon after and decide to stay with them because the cheaper college is now full. The demand is highly welcomed by these schools because the influx in revenue allows for developments, whether than be aesthetically improving the school or internally expanding programs.