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Why are colleges so expensive?

they cost a lot of money. # #money

money
Thank you comment icon Is college expensive ? Or is college a bargain ? I would say that is college is a BARGAIN. Having a college degree typically means that you will earn twice as much (or more) than someone with a high school diploma. In fact, over the course of your career, by having a college degree you should easily earn more than a million dollars MORE by having a college degree. So, the cost of a 4 year college degree can be $40,000 to $200,000. But, you'll make a million dollars more over the length of your career than someone without a college degree. Thus, to me, the college degree is BARGAIN with a great return on investment. Roger Hancock
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Paul’s Answer

Keep in mind that this is just my opinion but I would say that the cost of attending college has always outpaced the cost of living and inflation because colleges compete with each other to attract the best students. A few examples:


  1. Colleges have been investing more money in their facilities including bigger and better dorms and larger classrooms. In addition, they have been putting money into amenities to make the campus more appealing to students such as landscaping, fitness centers, gyms, etc. All of these improvements mean schools have to raise tuition to cover the costs.
  2. Colleges have also been increasing the salaries of tenured professors and other staff members for competitive reasons as well. This cost gets passed onto the students.
  3. Colleges know that their rankings in U.S. News as well as other publications weigh heavily on a student's decision on whether or not to attend their school so the colleges will do what is necessary to boost their rankings. This includes spending more money which again gets passed onto the students.
  4. State colleges have seen their funding from state governments cut as the legislatures try to balance the budgets. This shortfall gets passed onto the students.

Again these are just my opinions so you may want to do some research to see if you can find data to support my arguments.
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Donisha’s Answer

College is expensive for many reasons, including a surge in demand, an increase in financial aid, a lack of state funding, a need for more faculty members, and money to pay them.
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