Yerkins 1

Joey Yerkins

Prof. Myers

English Composition 1201

17 March 2019

Annotated Bibliography

My essay will attempt to answer the question regarding why college expenses and tuition

are so high and rising today. Many families have trouble providing the expenses for their son’s

and daughter's to go to college. Throughout this essay, I want to know more about what made

college so expensive towards families trying to pay for their child’s education. I know there are

colleges out there that are fairly inexpensive, but a lot of colleges expenses take a toll on families

wealth status regarding their children going to a four year University.

CNBC. “Why College Is So Expensive In America.” YouTube, YouTube, 6 Feb. 2019,

www.youtube.com/watch?v=aWJ0OaojfiA&t=10s.

The CNBC news network states how students are having to pay high amounts of money

in order to pay for their student loans. A student in the video says that she is 60,000 dollars in

debt from student loans. The average student graduates college with about 37,000 dollars in debt.

This video also demonstrates why tuition started to rise. They state that colleges started raising

tuition to give out merit based scholarships to kids that tested well. The G.I Bill of Rights and the

Civil Rights Movement also took part in the cause.

This is a documentary that is targeting students that are currently in college and students

that are getting ready to go to college. This documentary pushes the reader to think more deeply
 Yerkins 2

about student loans and what you could do to possibly lower the price. Also, the documentary

wants you to develop an idea of why student loans and debt are so high today.

This documentary was published on February 6, 2019 by the CNBC News network.

Many authors took part in conducting this documentary. Judging from the fact that it is so recent

and provides factual evidence, it is a very trustworthy source. Some of the information comes

straight from college students, so you know it is a reliable source.

I will use this documentary for information in my essay by numerous ways. First, I will

use the stories that former college students said about having trouble paying off their tuition and

student debt/loans. Then, I will use the information about why students have so much debt when

coming out of college.

Davidson, Adam. “Is College Tuition Really Too High?” The New York Times, The New

York Times, 8 Sept. 2015, www.nytimes.com/2015/09/13/magazine/is-college-tuition-

too-high.html.

The author of this article, Adam Davidson, states that college tuition has increased

significantly over the years. At a private university, the average tuition is now three times as

expensive as it was in 1974, up to $31,000 a year. At a public university, the average tuition is

four times more expensive, up to $9,000 a year. For the average American, this cost is going to

be out of reach for their families to pay. This article also explains a significant point that the

main reason some students are not considering going to college is because of how much the

tuition is.

This is a magazine article targeting students getting ready to go to college and also

families trying to pay for their children’s education. This article influences readers to think
 Yerkins 3

wisely about their education and think about what’s the best decision for them in the long run. It

encourages the audience to look deeper into this topic and understand that paying for higher

education is a nationwide issue.

This article was published from The New York Times and was written by Adam

Davidson who is a writer for The New York Times magazine. The source of this article is also

from The New York Times and was published on September 8, 2015. Also, this article does not

have advertisements on the page and was written recently, so the source is reliable and verified.

I will use this information in my research paper to show how colleges are asking for too

much money and have to take in consideration family's financial status. Also, I will explain how

some students are not even applying for college because of how much the tuition is.

Powell, Farran. “What You Need to Know About College Tuition Costs.” U.S. News &

World Report, U.S. News & World Report, 19 Sept. 2018,

www.usnews.com/education/best-colleges/paying-for-college/articles/what-you-need-to-

know-about-college-tuition-costs.

Farran Powell states that college tuition prices in general are a lot higher today compared

to 2 decades ago. This article explains that the reason for why tuition rates are so high and rising

is because it collides with the Great Recession. This article suggests that there are other options

to choose that will result in a less expensive college. Options such as staying in state, where the

in state tuition is much lower than out of state tuition. Also, they state that going to a community

college is another option for a lower cost.

This article portrays an academic article that is aiming towards incoming college

freshman. The author of this article’s goal was to demonstrate a bunch of different categories of
 Yerkins 4

information for students who are wanting to know more about college costs. Another goal of the

author’s was to show statistics demonstrating tuition rising over the years.

This is an academic article written by Farran Powell, who is an investing editor for the

U.S. News and World Report. This article is very credible and reliable because it has very recent

information and is from the U.S. News and World Report. The date that this article was

published was on September 19, 2018.

I will be using this research in my essay by including the information on what tuition is

and why is it so expensive. I will also use this information to show that families are feeling tense

as they watch tuition costs rise and wondering if they can pay for the expenses.

Schoen, John W. “The Real Reasons a College Degree Costs so Much.” CNBC, CNBC, 8

Dec. 2016, www.cnbc.com/2015/06/16/why-college-costs-are-so-high-and-rising.html.

The cost for providing education has surprisingly remained stable, but however the price

students and families have to pay keeps rising, says author John Schoen. This article mentions

that the reason for student’s families still having to pay a high amount of money for tuition is

because of budget cuts in state funding for public education and shrinking cities near private

schools. This is why tuition has risen towards students and families having to pay. This source

also explains how The Great Recession plays a role in the issue.

This news article is aiming towards students and families that are sending their kids to

college. This piece wants you to think about the college process and the costs that are required

for it. Also, the author wants to educate the parents of the students on why college costs are the

way they are. The author mentions several times about how the inflation rate is not slowing

down, therefore, they cannot decrease the cost of tuition.

 Yerkins 5

John Schoen is the author of this CNBC News article. John Schoen is an award winning

online journalist who is a data reporter for CNBC.com. This piece was published on June 16,

2015 and was updated on December 8, 2016. Although this information is not that recent, it is

very reliable because of how it uses their visuals and how there are no advertisements on the site.

This article will be used in my writing to show the demographics that they present. The

charts and graphs on this website are a great resource to have. Also, I will incorporate why the

college tuition is not going to decrease for students in future years.

Seltzer, Rick. “Net Price Keeps Creeping Up.” Inside Higher Ed, Inside Higher Ed, 25

Oct. 2017,www.insidehighered.com/news/2017/10/25/tuition-and-fees-still-rising-faster-

aid-college-board-report-shows.

The author of this article, Rick Seltzer, states that tuition and fees have increased across

the board, but financial aid failed to keep up. This means that college students will end up having

to pay more for their college than they would have if they had more financial aid. Another factor

is public and private tuition rates over the years. At a private university, tuition and fees

increased by 1.9% resulting in $34,740 a year. At a public university, tuition and fees rose 1.3%

resulting in $9,970 a year.

This is an academic article which is targeting students that are getting ready to go to

college that are thinking about expenses such as tuition and other fees. This article provides an

insightful perspective on the cost of tuition, room and board, and other expenses. This article also

forces the reader to think about their college options and do what is best for them.

This academic article was published from Inside Higher Ed . The source of this article

was also from Inside Higher Ed and was published on October 25, 2017. This article was written
 Yerkins 6

by Rick Seltzer who is a business and management reporter for Inside Higher Ed who graduated

from Syracuse University. This article was written very recent and not much has changed on the

article since it was published.

I plan to input the information in this article into my essay by looking at the sources

charts that are showing statistics over the years. I will be specific in showing how the tuition,

fees, room and board, etc. has increased over the years.

Sitemap. “Understanding the Rising Costs of Higher Education.” Best Value Schools, Best Value

Schools, 20 Nov. 2017,

www.bestvalueschools.com/understanding-the-rising-costs-of-higher-education/.

Colleges nowadays cost more than ever before. Higher education is also more valuable

than ever judging the fact that government aid has transitioned into student loans. The authors of

this article believe that because of the overpopulation of college students, the cost of tuition has

to rise with it. They also state infinite amounts of reasons for the rise and mention the sticker

price in relation with student loan levels.

This is an academic article that is targeting students getting ready to go off to college.

The author's purpose in writing this article was to inform families about the cost of higher

education and why the sticker price and overpopulation of students has increased the amount of

tuition.

There is not one main author for this academic article, however, many credible authors all

pitched in while writing this article. The authors from Best Value Schools took part in writing it.

Their goal was to inform students with credible information to find the best college that they
 Yerkins 7

want to go to. This article was published on November 20, 2017, and is continuing to update

their information relative to date.

This article will be used as another example as to why college tuition is so high and

rising. I will also use some of the stories and statistics that were given in this article. I think that

this article will help me tie everything together to help develop my argument.

Ulbrich, Timothy R., and Loren M. Kirk. “It’s Time to Broaden the Conversation About

the Student Debt Crisis Beyond Rising Tuition Costs.” American Journal of

Pharmaceutical Education, no. 6, 2017, p. 1. EBSCOhost,

sinclair.ohionet.org:80/login?url=https://search.ebscohost.com/login.aspx?direct=true&d

b=edsgao&AN=edsgcl.517625891&site=eds-live.

Ulbrich and Kirk state that the amount of student loan debt is rising and has had a

negative impact on students trying to engage in the workforce after college. The book explains

how student loan debt is rising by the minute and has surpassed 1.3 trillion dollars. They state

that this could easily affect some of students’ career choices and financial goals. Ulbrich and

Kirk state so many interesting facts and reliable information on student debt and tuition. This

book also explains how pharmacists are struggling to pay off their student debt and are

borrowing money for to help pay off pharmacy school.

This book is calling on people that graduated from college that are trying to pay off their

tuition and student debt. This piece wants to provide important information on student loans,

debt, tuition, and personal finance. Also, the authors are aiming to broaden the conversation

about student debt beyond rising tuition costs.

 Yerkins 8

The authors of this book are Timothy Ulbrich and Loren Kirk. This book was published

on EBSCOhost and the date of it being published was on November 6, 2017. The source of this

book is from the American Journal of Pharmaceutical Education. The publisher of this piece is

from the American Association of Colleges of Pharmacy. This is a verified source because of

how the book was written by a direct source and how recent the information is.

I will be using this article to implement examples of people who are pharmacy majors

that are still struggling to pay off their debt. The information I am going to provide from this

book include pharmacists struggling to pay off their loans and how there is a negative effect on

people trying to enter the workforce with debt still to pay.