This week, our top story is about the most recent rise in tuition. Just about every year, tuition increases. We receive and email alert informing us about a 4 or 2.5 percent increase, and for most of us, life continues. The small increases don’t seem like much.
But for many, it means extra loans or extra hours working to pay off the new charge.
When added up, I realize my tuition has increased by more than 15 percent from my tuition as a first-year student in 2012. There doesn’t seem to be much we can do about it, but at the very least, I think it’s time to start getting a little outraged instead of ignoring the “small” annual increases that, for me, has amounted to $5,000 in my four years.
Money is serious business. It keeps us in school—both because we need to pay for school and many of us wouldn’t be in college if it didn’t mean a better paying job later in life. Money is important. Because of this, Loyola should recognize what tuition hikes mean for students and actively work against increases, especially when the need-based MAP grants serving 2,000 students might no be funded next year. The school needs money to function, we understand that. But in today’s world, with the average 2015 graduate owing more than $35,000 in student debt according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors (websites about planning and paying for college), Loyola cannot treat this issue lightly.