2023-2024. Understanding Economics? Wanna Play? Let’s use Economics to help the Older Population understand why the Generations are so pissed at getting a College Education. Colleges and Universities are quickly pricing themselves out of the Education Industry. Unfortunately, if you are a Minority or a Woman, the Supreme Court appears to have it out for you.

Ever seen a College Professor holding a Will Work for Food Sign after their College Closed for Pack of Students? Many are so Brow Beating at others claiming their College Sports Programs keeps them in Business. Is that True? Let’s come back to that Question after we Review some Education Costs. Let us Begin-

For the academic year 2022-2023, the average undergraduate tuition & fees of Public (4 year) Texas Colleges is $9,293 for in-state and $21,494 for out-of-state. Its tuition & fees are higher than national average. The 2023 national average tuition is $6,963 for in-state students and $12,914 for out-of-state students.

$9293-$6963=$2330

$21,494-$12,914=$8580

Enrollment?

A total of 1,593,626 students have enrolled in Texas colleges including 1,385,460 undergraduate and 208,166 graduate schools students for the academic year 2022-2023.

But let’s dig deeper. The Older Group Reading haven’t been keeping up with Why so many Generations behind them are so UPSET. Well, it might be that the Older Generation was so focused on themselves that they didn’t keep the Playing Field EVEN. And when College Students are living on Ramen Noodles and Fast Food, should they CARE what happens to the Old?

Hey, it’s just a Game of Good Ole Economics.

Cost of College Over Time: Rising Tuition Statistics

Data Summary

• In 2020-2021 dollars, one year’s college tuition in 1963 cost just over $4,300. In 2020, it cost nearly $14,000.^[1]
• The total cost of a year of college was about $10,600 in 1963. In 2020, it was almost $26,000.^{Note Reference[1]}
• Across all types of schools, the cost of college has increased more than 143%, or 2.4 times, between 1963 and 2020.
• Compared to other school types, four-year public colleges saw the steepest price hikes from 2000-2020, jumping from roughly $13,000 a year to over $21,000 annually.^{Note Reference[1]}
• Attending a four-year public college costs 64% more than it did 20 years ago.
• Attending a two-year public college costs 59% more than it did 20 years ago.
• Across all schools, tuition spikes are driving increases in the overall cost of college.
• From 2000-2020, average tuition and fees rose by 69%, from $8,082 to $13,677 a year

The cost of college has been rising steadily for decades. In 1970, the average cost of tuition and fees for a year of college was $1,470. By 2020, that cost had risen to $13,677, an increase of 900%. When adjusted for inflation, the cost of college has still increased by more than 130%.

There are a number of factors that have contributed to the rising cost of college, including:

• Increased demand for college education
• Rising salaries for college professors
• Increased costs of providing student services
• Increased administrative costs

The rising cost of college has made it more difficult for many students to afford a college education. In order to make college more affordable, some students have turned to student loans, which can have a significant impact on their financial future.

There are a number of things that can be done to address the rising cost of college, including:

• Increased government funding for higher education
• Increased transparency about the cost of college
• Increased financial aid for students
• Reforms to the student loan system

The rising cost of college is a serious problem that needs to be addressed. By taking steps to make college more affordable, we can ensure that everyone has the opportunity to get a college education.

Here are some additional details from the article:

• The average cost of college tuition and fees has increased by 20% in the past decade.
• The average cost of attending a private college has increased by 21% in the past decade.
• The biggest expense for colleges is tuition.
• There are a number of hidden costs associated with college, such as the cost of textbooks and room and board.
• Students can find ways to save money on college by taking advantage of financial aid, working part-time, and living frugally.

So, let’s now return to that Question I told you we’d come back to-

Many are so Brow Beating at others claiming their College Sports Programs keeps them in Business.

According to a 2019 report by the Knight Commission on Intercollegiate Athletics, only about 25 of the approximately 1,100 schools across 102 conferences in the NCAA made money on college sports in 2019. This means that the vast majority of colleges and universities get very little, if any, of their budget from their sports programs.

The schools that do make money from their sports programs tend to be large, public universities with successful football or basketball teams. These schools often generate significant revenue from ticket sales, media rights deals, and sponsorships. However, even these schools often spend more on their sports programs than they earn.

For example, the University of Texas at Austin’s athletic department generated $223 million in revenue in 2019, but it also spent $213 million. This means that the university actually lost money on its sports program, even though it is one of the most successful college athletic programs in the country.

So, the vast majority of schools either break even or lose money on their sports all together.

But does your Legislators help College Students pay for their Tuition or is it all Banking Institutions? Not Likely. They can’t even pay and keep Public School Teachers-

Legislators can help college students pay for their tuition in a number of ways, including:

• Providing financial aid, such as Pell Grants, Stafford Loans, and Work-Study programs.
• Increasing state funding for higher education.
• Allowing students to refinance their student loans at lower interest rates.
• Making it easier for students to discharge their student loans in bankruptcy.

In addition to these direct forms of assistance, legislators can also help to make college more affordable by supporting policies that reduce the cost of college, such as:

• Allowing colleges to negotiate lower prices for textbooks.
• Increasing transparency about the cost of college.
• Holding colleges accountable for their spending.

The extent to which legislators help college students pay for their tuition varies from state to state. In some states, legislators have taken a more active role in helping to make college more affordable, while in other states, the burden of paying for college has fallen more heavily on students and their families.

Banking institutions also play a role in helping college students pay for their tuition. They offer a variety of student loans, as well as other financial products, such as credit cards and savings accounts, that can help students to manage their finances while they are in college.

Ultimately, the responsibility for paying for college falls on a combination of students, their families, legislators, and banking institutions. By working together, these groups can help to make college more affordable and accessible to all students.