Monday, February 6, 2012
Last week, I travelled to Auburn, Alabama to take a look and tour the campus of Auburn University. The campus was amazing and the academics were superb, with great programs for every major they offer. I pretty much fell in love as soon as I saw it. After the tour, I sat down with my parents and told them that I had a good idea that this was where I wanted to go. And then, all he[ck] broke lose. It hadn't really occurred to me that the cost of college was so immensely high. Out-of-state tuition for Auburn is $34,000 per year, and I needed to pay for some of it. My visit to Auburn was a huge reality check, and got me thinking about my future education and career. Why is college tuition so high? I think it has a lot to do with the economy and the value of the dollar. College is a service provided to you, like the internet or a maid. With a so-so economy like we have now, every other service inflates as well as college tuition. The value of the dollar has decreased so much in the past decade, that every company (including universities) is trying to compensate for the loss of value. So how do we make the price of college go down? According to this article, it's now starting to become more and more of a political issue. Obama, in a recent speech, has provided some sort of plan to make student loans more affordable for college-goers. With increasing interest rates, as well as tuition prices, student loans almost end up making college more expensive then it needs to be.