One of the colleges near me just announced that it is considering nearly a 10 percent tuition hike. That’s a substantial hike — and they’re not the only ones, either. Colleges across the U.S. are having to raise tuition in order to make up for lagging budgets.
The end result is of course that bachelor’s degrees are pricing themselves out of many students’ reach. Students that can no longer afford four-year degrees turn to two-year degrees and licenses, such as mortgage training.
Shorter programs like these have many advantages over longer programs. Obviously, it costs less to go to school for a year or two as opposed to four years. Another advantage is that you finish your education sooner, and can get into the work force and start earning money sooner, too.
Besides, if tuition has priced itself out of your budget, and your choice is between a shorter program and NO program, I definitely think you should go with the shorter program. Some training or education is always better than no education, as it makes you qualified for more skilled jobs that you wouldn’t be able to get otherwise.
So I’m curious — what are tuition rates doing in your area? Are they going up there as quickly as they are in Colorado? What alternatives have you considered if you can no longer afford the tuition for a four-year program?