SYRACUSE, N.Y. (NCC NEWS) – Across the country, the price tag on a four-year private college education continues to increase, with no sign of stopping. Some colleges, such as Vanderbilt University, Tennessee, are even close to reaching the $100,000 threshold this upcoming fall, at a whopping $98,426 in tuition and living fees.
Vanderbilt Student Maretta Smith says the tuition increase causes a constrain on the entire family, with her younger brother potentially following in Smith’s footsteps to attend Vanderbilt.
“Paying for four years for him and two for me, it’s just crazy to think about $100,000 times six, that’s $600,000,” Smith says. “You can buy a really nice house with that kind of money.”
Syracuse University is facing a similar pattern of consistent increased tuition & price of living not only affecting the students & families, but Syracuse residents as well. Some of Syracuse resident’s federal tax money goes towards the U.S. Department of Education, thus allocated to areas of education the department thinks best needs the funding, such as Syracuse University for grant scholarship
With the increase in tuition, Syracuse residents such as Rose Sabbagh are concerned more tax money be taken out to fund more University students who cannot afford these rising tuition prices.
“ I don’t think anyone you talk to is happy, because we have no control over it at the end of the day,” Sabbagh says. “It’s the law and they automatically take it out of your paycheck.”
This current school year alone was allocated $350 million dollars in grant and scholarship money, potentially to offset the current tuition price for full-time undergraduates of $61,310
