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The Economic Aspect of the US Colleges

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The biggest questions that students and their families ask themselves when it comes to choosing college include how expensive the college is, the reputation it has with respect to desired fields of study and how far from home these colleges are. This economics guide explains the impact of education on any given economy.

The best way to choose a college is to research the quality of education being offered and the general regard a qualification from that university is to help you transition from your student life to your working life. Here’s a list of institutions that have earned their place in the 2016 college rankings:

Comprehensive list

1. Princeton University

This University will always make it on a list of the best tertiary education institutions in America. It is an Ivy Leaguebganhjnbgfgf school that has a reputation known worldwide.

It has 4 Nobel Prize winners in its faculty. 5,391 students enroll per annum. Tuition fees average $43,450.

Popular majors at Princeton include economics, political science, public policy analysis, as well as evolutionary Biology. There are more majors on offer.

2. Harvard University

Harvard University is located in Cambridge, Massachusetts. It is one of the oldest educational institutions and one of the most respected in the U.S and most countries in the world. Harvard has the biggest endowment in the U.S. with the $36 billion, which enables the school to award 58% of freshman students with grants averaging about $42,000.

Within the main college, there are several world-class schools like the Graduate Education School, School of Engineering and Applied Sciences, Business School and Medical School and John F. Kennedy School of Government. Alumni include

3. Yale University

ghbvxzzfdfdYale University is a private institution located in New Haven Connecticut. It is one of the oldest universities in the U.S and has 5,477 new students enrolling every year. Tuition fees average $43,000 and $47,600. Yale is the best university for economic, political and historical courses as well as psychology.

Yale has a large endowment amounting $19,3 billion making it possible for at least 51% freshman to receive grants. Not everyone who goes to Yale wants a psychology degree or a law degree a great number of people choose the college because of its School of Drama.

A lot of the people who graduated from Law have gone on to become powerful people in politics and the arts like George W, Bush and Bill Clinton as well as Meryl Streep, Edward Norton and much more.

There are many more notable colleges that are great, but these three have consistently retained their positions as the best college in the U.S for the quality of education they provide and the value of the degrees they offer.…

The Past, Present, and Future of Rising Education Costs

Education forms one of the most essential sectors of any society. From the past, education has been the key area in development. But one notable thing has been the rising cost of accessing education.

 

The Millennials and the economy is a comprehensive report on the economy growth. Let’s see the past, present, and future of rising tuition costs.

Economic pointers

Cost of education over the time

In the past, not many people knew the value of teaching. There was low demand for this service at such a time. In bnkpnmgfg1985 for instance, education was way affordable for anyone who wanted to access it.

Today, that cost has risen by over 538%. Compared to other sectors, education cost has been on the rise more than any other. In the 1980s, college education fees used to be $3,489.

That figure has skyrocketed to $19,339 in the academic year 2011-2012. There is no sign of relenting and training cost is predicted to keep growing for the foreseeable future.

Though the rise in education cost has been witnessed over all types of schools, the private sector has had the largest increase. For a 4-year program in a public college, you will pay an average cost of $8,890. On the other hand, a private college program for the same duration will cost you $30,094.

 

Why the rise in education cost?

While in the past only a few people knew the importance of education, the present masses are acutely aware of how crucial education is to them. Everyone, poor and wealthy, would want to access quality education. So one would ask, what is the force behind the rising education cost?

  • Forces of demand vs. supply: there are millions of people out there seeking education services. The providers have not been able to match the ever-rising demands. Both public and private schools have not been able to meet fully the demand of education. This just translates to higher fees for those who are lucky to get slots in schools.
  • Improved education quality: Compared to the past, education standards have improved over time. Such advancement has created the need for increasing costs to cover such expenses.

The future cost of education

jmklbvxzfdfFrom stats and trends in education, the cost will never go down in the future. If anything it will keep rising as demand continues shooting and supply struggle to match up the needs.

Parents and those who seek education will continue to pay more. In the forthcoming decade, tuition cost will have almost doubled from what you pay presently.

There you have it; education cost is never coming down now or in the future.…