Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation
813-463-2256

Raise Tuition to College, Raise Revenue

In a recent article posted in Forbes Magazine this week, they discuss the source of tuition price in college across America, and the formula created to essentially raise revenue for colleges, even if that means cutting aid to students who truly need it.

The article shows the method colleges use in deciding what their endowments should fund. First they say that the tuition price people see when applying to college should be high. Second, colleges put a good amount of their money into perks for students and campus amenities, which in turn boost their rankings among the Nation's schools. Finally, the school's financial aid is used not solely to benefit those who actually need it to afford school, but for wealthier kids, to get them to attend a school if a discount is given to them, and then they will be able to afford the rest of the full price tuition.

Colleges are taking their financial aid and giving it to students with the funds to afford college; other, not so financially stable kids and families are forced to take out hefty student loans. The article goes on to mention that there is $2.4 billion of student aid that is not being used, and $3.3 billion is being given to students who can afford college. Statistics such as this should call for colleges to reevaluate their distribution of aid.

The formula for colleges are enacting to maximize revenue is: instead of giving one very needy student a large endowment, they will give four not so needy students smaller endowments; therefore receiving the remaining tuition in full from four students, instead of a small amount of money from one student. Everyone deserves a chance at getting a college degree, and to force lower income students to go through all the trouble and long term effects of student loans is not fair when colleges have the funds to give aid to them.

The article concludes with saying that as long as students can access loans, then colleges will use aid in other ways besides helping students afford tuition. This means that tuition prices will continue to increase making attending college more difficult for low income students to afford.

If you have been in a situation where you've taken out student loans and now find yourself in debt from interest on such loans, do not hesitate and get help by contacting an attorney who is experience in handling student loan debt cases. A well knowledge attorney can help ease the burden of student loan debt, and put you on a financially stable track.

Work Cited:

McGrath, M., & Schifrin, M. (2014, August 18). Tuition Sorcerers. Forbes, 74-81.

No Comments

Leave a comment
Comment Information
  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions