If I were able to change one thing about higher education it would be the price. Higher education has been, is, and is projected to be, too expensive. I would like to share a portion of my end-of-term paper for this class that touches on this topic.
State-level policy makers and academic leadership have failed to implement controls or strategies that make higher education affordable. This is true even for the states that have made the most progress in making college affordable and if the current trajectory remains unchanged “opportunity through higher education will be a false promise” for future generations. (Finney, 2016) While the typical family income has done well to stay ahead of average monetary inflation, it is no match for the inflation rate of higher education. (Odland, n.d.) Since the mid-1980s the consumer price index has increased by roughly 115% while the cost of higher education has increased by nearly 500% ( Odland, n.d. ) Even after inflation is accounted for the cost of college is double what it was in in 80s. (Maldonado, n.d.) Digging deeper, the severity of the problem becomes even more apparent. In the past 30 years, since 1989, the cost of higher education rose eight times faster than the wage rate which has effectively remained unchanged over that time period. (Maldonado, n.d. ) Unfortunately, the outlook doesn’t improve by looking at the past decade in isolation. The data shows that since 2009 the cost of an undergraduate education, including tuition, fees, room, and board, rose 34 percent at public institutions and 26 percent for private. (National Center for Education Stasitics, n.d.)
So, as you can see, I have done a very good job being a problem identifier without risking being a problem solver. Nevertheless, awareness is the first step. My estimation that any real and meaningful solutions to higher education will be uncomfortably disruptive.
Finney, J. E. (n.d.). 2016 College Affordability Diagnosis: National Report, 41. Retrieved from https://repository.upenn.edu/cgi/viewcontent.cgi?article=1481&context=gse_pubs
National Cetner for Education Statistics (n.d.). The NCES Fast Facts Tool provides quick answers to many education questions Retrieved February 15, 2019, from https://nces.ed.gov/fastfacts/display.asp?id=76
Maldonado, C. (n.d.). Price Of College Increasing Almost 8 Times Faster Than Wages. Retrieved February 15, 2019, from https://www.forbes.com/sites/camilomaldonado/2018/07/24/price-of-college-increasing-almost-8-times-faster-than-wages/
Odland, S. (n.d.). College Costs Out Of Control. Retrieved February 18, 2019, from https://www.forbes.com/sites/steveodland/2012/03/24/college-costs-are-soaring/