College Costs
Introduction
It's no secret that financing a college education is getting
tougher. have skyrocketed over the past decade or so, and there's
no relief in sight. Average tuition at four-year colleges will increase 7
percent this school year, double the rate of inflation. Student aid is not
increasing fast enough to plug the growing gap between tuition and family
finances. In addition, there is a growing number of older students entering
college today. These students have families that they need to support. I know,
because I am a family man who has returned to school. I wish to finish my
degree at the Rochester Institute of Technology. The only problems I face are
financial in nature. It is ...
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1995-96 academic year averaged about $15,400, compared with about
$5006 at public 4-year colleges. The cost of attending an institution of higher
education includes not only tuition and fees, however, but also books and
supplies, transportation, personal expenses and, sometimes, room and board.
Although tuition and fees generally are substantially lower at public
institutions than at private ones, the other student costs are about the same.
According to MS-Encarta94,"the average cost for tuition, fees, and room and
board for the 1995-96 academic year at private 4-year colleges was about $20,165.
At public 4-year colleges the average combined cost was about $9290" (Encarta94).
The cost of attending RIT is approximately $15700 per year. This
does not include room and board, or books, and supplies . This cost falls in
line with the national average. However , according to Rachel Shuman of the RIT
Financial Aid Department,"the increase in cost at RIT was 4.8 percent for the
1996-97 ...
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a
family of four must shoulder in order to send a person to RIT.
The Financial Burden
First and foremost a family has to live. The Census data
indicates that the minimum a family must earn is "a poverty level income." So,
let's assume a family needs $16000 per year for living expenses. The cost of
attending RIT is $15651 per year. Books and supplies are approximately $1200 per
year. Finally, travel expenses will be approximately $500 per year. I am
assuming that one spouse will be working to cover the living expenses. So, I am
excluding medical and dental costs. These costs are partially or fully covered
by an employer. In the event they are not let us include them in the ...
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CITE THIS PAGE:
College Costs. (2007, April 30). Retrieved November 28, 2024, from http://www.essayworld.com/essays/College-Costs/64128
"College Costs." Essayworld.com. Essayworld.com, 30 Apr. 2007. Web. 28 Nov. 2024. <http://www.essayworld.com/essays/College-Costs/64128>
"College Costs." Essayworld.com. April 30, 2007. Accessed November 28, 2024. http://www.essayworld.com/essays/College-Costs/64128.
"College Costs." Essayworld.com. April 30, 2007. Accessed November 28, 2024. http://www.essayworld.com/essays/College-Costs/64128.
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