In 1980 the average 4 year college tuition (when you take both public and private universities into consideration) was $23,000. In 1995 it jumped to $44,000. Would you like to take a guess at how much the average 4 year college tuition is now?
It’s $70,000. Yes $70,000 which means that most college students have to borrow money. The average debt per student is now $27,000. $27,000 is a lot of money. $27,000 can buy you a new Ford F150 truck. It can buy you 30, 40, maybe 50 pairs of Jimmy Choo shoes.
So with that said, I am going to share with you an infographic on how we as a society can lower college tuition cost.
The first way to lower college tuition cost is to allow for Dual Enrollment. How about allowing students to be simultaneously accepted by a community college and a four year public institution of higher education and, and when they complete their associate degree from the community college, they are automatically enrolled in the four-year institution? This type of program can reduce college education cost anywhere from 30 to 50%.
Second idea, what about establishing a three-year Bachelor’s degree? This would not only increase graduation rates, but also improve college education cost.
As for number three, anyone ever hear about the study to determine how long a shrimp can run on a treadmill? Yes, there was a study by University professors to determine how long a shrimp can run on a treadmill. So number 3 is simply get rid of silly research studies.
Number 4, wouldn’t it be nice to keep you salary and only have to work two days a week? That would be like living in Alice in Wonderland, but for many professor, it is now common to teach only two classes per semester. So number four is to increase teacher loads.
Lastly, move more Classes Online – Online learning will become to education what the forward pass was to football. Research shows that students who did online courses learn just as well as those who took conventional courses. Online courses or hybrid courses could cost half what conventional classes do because fewer teachers are needed.
So in conclusion, it would be folly to imagine the cost of a 4 year college tuition to ever go down or the starting annual salary of a college grad to skyrocket, but its not too hard to image any of the ideas I mentioned now like getting rid of the silly research studies or increasing teachers workload would it? Such ideas should strongly be considered, if not, we as a society run the risk of having our future generation start to perceive college education as simply being not worth it because of the enormous debt they will have to incur and the fact that such debt will make it harder for them to buy a home and possibly even start a family.