According to this article, the cost of college has now jumped to the second most expensive purchase you’ll make within your lifetime. In the last years, tuition for college has risen about 3-5 percent a year. One big reason for this are the loan dollars that have become available to students going to college. These loans have lead to colleges feeling as if its alright to raise the prices as they have over the years. Yes, loans allow us to go to college but they set us up to be in debt for years. Especially with the rising of prices which put students in a tough situation that follows them for many years after completing school.

    These extremely high price tags for getting a education has scared parents of children attending colleges around the world. In the article, one source says that even though prices have become somewhat outrageous, the education is still there. I agree and disagree with this statement. Yes, the education is still there. However, this education is limited to students. Students who know they don’t come from a family with money might feel very discouraged to go to college knowing they might be on their own paying for this expense. From studies, 39% of students from low-income families attend community college. I believe this number will continue to rise as long as the price of college continues going down the same path.

        Is college worth it? Right now, yes it is. But with the rate at which the prices have been continuously rocketing upwards that answer could change over the years. When’s the point where people can’t really afford it at all anymore? When will people look at college as not worth it anymore? People soon might begin wondering is being in debt for however many years something I want to go through. One study as shown 57% of students regret the loan money they have taken out for college. I do not think the price of college should be a deciding factor whether one gets their education or not but this seems to be where the society is approaching at the rate we are going now.

https://www.cnbc.com/2016/07/12/college-costs-are-out-of-control.html