Runaway Tuition Fees Endangers College Education in Colorado
It is a matter of regret that the college education remains as an aspiration to many, even to the meritorious students. But to its credit, the college students of Colorado have been shielded from the exorbitant increases in tuition fees by a regulation that capped increase in the tuition fees by 6%.
Change in Policy
When a new draft policy comes into effect as contemplated by the higher education officials, things will more or less revert to the old policy of having an almost free-go in setting tuition fees. Therefore, it was not that rare to find the double-digit increase in the tuition fees.
In a recent meeting, the Colorado Commission on Higher Education sent out a green signal to the Department of Higher Education to go ahead with the particular proposal and refine it before a final decision is made. With the old regulation, that is all set to expire, legislators will have the final say on any policy change. Seems like only the online essay writing service providers are keeping their calm by offering affordable educational assistance.
The cuts in State Budget in the aftermath of the recession in 2008 resulted in state universities and colleges to increase the rates of their tuition. As things stand as of today, universities and colleges receive the support of around $740 from the state but raise as much as $2 billion from the revenue earned by charging tuition fees. So it becomes surprising for the students willing to pursue further education.
According to experts in Higher Education, the state will be unable to discourage the growth of tuition fees through cost savings at universities and colleges alone. As per a cost study, conducted by the in the National Center for Higher Education Management Systems, colleges in Colorado already have less revenue per individual student than institutes in other states.
The Political Side
The state was professedly looking to increase the enrollment of first-generation and low-income generating students, for many of whom college remains an aspiration and the rising tuition costs, raised concerns in political circles who made college affordability an issue in the 2014 elections. In the same year, legislators increased higher education funding by 11%, and also set the cap in the increase of tuition fees at 6% for undergraduate students who are aiming to grow big.
So according to legislation, the final call is to be made by November giving aspiring leaders and policymakers some room for maneuvering within that time. Looks like students will soon choose the e-books as their suitable resources of the study materials.