Question

In: Economics

Why does college education keep getting more expensive? If you were in a position to make...

Why does college education keep getting more expensive? If you were in a position to make a change what would you recommend to change the tuition challenge?

Solutions

Expert Solution

  • When compared to the past, nowadays the College education is getting more and more expensive than ever before.
  • This is because of there has been a greater demand for higher education within an economy than before and to compensate this growing demand, the institutions are buying more fees from those who wish to join the college's. This has also become a means for the institutions to earn higher profits.
  • The urgent need for more faculty members, forces the college's to raise their salaries and due to lack of funding by the government, the college's try to buy more fees from the students.
  • If I was a policy maker and if I was in a position to make any change in the tuition challenge, I would implement policies that would Directly provide financial aid to the college's to prevent them from charging higher tuition fees from students.
  • I would also implement, scholarship and other benefits to all the student's equally irrespective of their caste, sex, orgin etc in order to support them financially and at the same time to encourage them further.

Related Solutions

Why do I keep getting the error "More columns than column names" when trying to import...
Why do I keep getting the error "More columns than column names" when trying to import the following data into R Studio?: PRICE   YEARSOLD   MILES   COLOR   TITLESTATUS   TRANSMISSION   4500   11   170000   SILVER   CLEAN   MANUAL           34590   1   2000   SILVER   CLEAN   AUTOMATIC   4500   14   203000   SILVER   CLEAN   AUTOMATIC   11990   6   53337   GRAY   CLEAN   AUTOMATIC   10490   8   36543   RED   CLEAN   AUTOMATIC   2800   19   208000   SILVER   CLEAN   MANUAL       1200   19   244000   SILVER   CLEAN   AUTOMATIC   2500   19   208000   BROWN   CLEAN   AUTOMATIC   2000  ...
Does Tesla’s insurance program keep customers in the “ecosystem” and make them more likely to buy...
Does Tesla’s insurance program keep customers in the “ecosystem” and make them more likely to buy products from the brand in the future? Explain why.
I keep getting more confused about GABA inhibitor the more I read about it through the...
I keep getting more confused about GABA inhibitor the more I read about it through the chapters, can you explain it to me clearly?
What’s the point of college? Do you think college does anything more than just give you...
What’s the point of college? Do you think college does anything more than just give you a degree that your employer uses to prove that you can stick to something? Does it teach you anything useful? (About life, love, ethics, values, problem solving, communicating with others, etc.) Will you use the knowledge you gain from individual classes?
How does the "hidden" curriculum impact one's college education?
How does the "hidden" curriculum impact one's college education?
Why does it not make sense for a function to have more than one output for...
Why does it not make sense for a function to have more than one output for the same input? Provide examples. First , define inputs and outputs ( independent and dependent variables) . Then, define ordered pairs and relations and give examples. Finally, define a function and talk about what particular type of relation is a function. Can you find a real world relation that is not a function? For example: The age of a person is the input and...
In 2010, 76.3% of college students enrolled in an education major were female. A sample of...
In 2010, 76.3% of college students enrolled in an education major were female. A sample of students enrolled in an education major in 2019 consisted of 115 females and 70 males. Would this data be sufficient at the 0.01 level of significance to conclude that the percentage of females enrolled in an education major decreased from the 76.3%? Use the P-Value Method of Testing. In your work space below, you will need to have - 1. The null hypothesis, Ho...
You are a staff accountant at a higher education institution, Philly College of Business (“the College”...
You are a staff accountant at a higher education institution, Philly College of Business (“the College” or PCB). The lease on the current multifunction copiers the College uses is almost up. The college has decided to replace the current copiers with Canon imageRunner AdvanceC55501 copiers. The following is the information you have been able to gather so far related to renting the copiers. The IT department was able to negotiate the following lease terms to rent the 15 copiers needed....
why does a hub and spoke networks make the revenue management process more complicated ?
why does a hub and spoke networks make the revenue management process more complicated ?
Should we keep the electoral college or go to straight popular vote? Why?
Should we keep the electoral college or go to straight popular vote? Why?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT