The Economics of Education & Financing Education Adequately - Assignment 6 - Essay Example

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The Economics of Education & Financing Education Adequately - Assignment 6

Most of the times in public schools the tuition fee is driven from the rising expenditures on the administrators, student support services and government endowment according to the report issued by a nonprofit organization in Washington D.C. The factors contributing to increment in the educational costs in detail are as follows: According to a report issued by the U.S department of education which states that the average cost per pupil has increased up to 44% over the past decades. Public elementary and secondary schools across the country are shifting their costs like state funding, lower tax revenues and personnel costs to parents and their students by increasing school fees. Even though in public schools students were charged for the fieldtrips etc. they are also being charged $20 for the school supplies like for their labs to workbooks. When inflation is growing at 2% rate in broad economy the educational costs increase at 4-6% annually. This means if we were to pay $10,000 this year, the cost will increase by $400-$600 next year. Therefore, this means that educational costs have doubled in 12-18 years. High demand drives the prices to go high. It is factually true that more students are attempting for school admissions than ever, because the demand is high which is causing the costs to climb high. ...Show more

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The Economics of Education & Financing Education Adequately [University] [Instructor Name] The Economics of Education & Financing Education Adequately There are a multitude of reasons why educational costs keep rising sky high in the US more than any other country in the world…
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The Economics of Education & Financing Education Adequately - Assignment 6 essay example
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