Introduction
Parents in the US have been pushed to the corner; they know and appreciate the importance of a college education but affordability hinders most of them from meeting their children’s needs. In today’s competitive world, even simple jobs require bachelor’s degrees. Consequently, students end up attending colleges far from their hometowns, apply for scholarships or drop out altogether. Despite numerous scholarship offers, some students still miss quality education because they may not qualify for college education. Additionally, those students who attend colleges end up struggling to meet their daily expenses since their parents spend a substantial portion for their incomes on tuition alone. The research aims at looking at the causes and consequences of rising educational costs. Additionally, it seeks to offer a solution to this reeling problem. (Benassi, 2005)
Causes of rising higher education costs
Many politicians, District Education Boards and school administrators agree on the fact that declining state support is the main reason behind plummeting college costs. The state is responsible for covering tuition cots. However, tuition costs only take up thirty three percent of total educational costs in these institutions. Colleges and universities have to take care of these anomalies on their own. Most of them end up increasing tuition costs or reducing the number of programs on offer. This is eventually translated to the students who has to attend college regardless of their financial positions. The situation is further aggravated by competition among different sectors of the economy. The health sector has taken up a lot of government funding leaving little for education. Additionally, the state has to spend on lower income earners or on retirees leaving the public sector. skorea.