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The cost is going up for just about everything and college tuition is no exc
The cost is going up for just about everything and college tuition is no exc
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2023-09-27
27
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The cost is going up for just about everything and college tuition is no exception. According to a nationwide survey published by the College Board’s Scholarship Service, tuition at most American universities will be on an average of 9% higher this year than last.
The biggest increase will occur at private colleges. Public colleges, heavily subsidized by tax funds, will also increase their tuition, but the increase will be a few percentage points lower than their privately sponsored neighbors.
As a follow-up, the United Press International did their own study at Massachusetts Institute of Technology. At MIT, advisors recommended that students have $8,900 available for one year’s expenses, including $5,300 for tuition, $2,685 for room and board, $630 for personal expenses, and $285 for books and supplies. Ten years ago, the tuition was $2,150.
To put that another way, the cost has climbed 150% in the last decade.
An additional burden is placed on out-of-date students who must pay extra charges ranging from $200 to $2,000, and foreign students who are not eligible for scholarships at state-funded universities.
On the brighter side, the survey revealed that college graduates are entering the best job market since the middle 1960s. Job offers are up 16% from last year, and salaries are good, at least for graduates in technical fields. For example, a recent graduate in petroleum engineering can expect to make as much as $20,000 per year. A student with a liberal arts degree might expect to make about half that salary.
Topic of this passage:【46】Reason for lower increase in tuition in public colleges:【47】
Tuition in MIT now:【48】
Problem for overseas students:【49】
Expected salary for a graduate in petroleum engineering:【50】
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