Most university students are more likely to incur additional costs on activity fees, accommodation, supplies, and health insurance. As a result, the overall annual cost may increase to $12000. Additionally, the costs are constantly increasing when the university administration adjusts for inflation. The cost education has increased by more than 20 percent from 200 to 2012. The increase comes at a time where the mean family income increases by less than 10 percent. Furthermore, the number of chalities subsidizing the cost of tution by providing scholarshis to students has decreased.
The competition for the limited opportunities is very stiff and results in few students attaining college education. Moreover, the amount of student loans is quite low and may fail to finance all costs. Upon graduation, the students have also to face additional challenges of attaining employment and paying the student loans. The federal government has a responsibility of ensuring all highschool students attain post secondary education. The government must implement policies that ensure that students obtain tuition subsidies. Furthermore, the university administrations must ensure that the cost of tuition charged to the students is fair and reasonable.
The parents have a responsibility of ensuring that their children have education insurance policies to cover their education (Laura, 2013). Laura, G Retrieved September 11, 2015, from http: //annistonstar. , Kim, D., and Ysseldyke, M. Technical report 4: Experts’
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