Norwich University Tuition A Souring Cost Essay - 1210 Words

On average college students owe $35,200 in debt due to high costs of college (Ellis). This is a very frightening statistic that is a sad reality to many college students today. Students graduate and are shocked by the dollar amount they owe because of student loans. Sadly, most struggle to pay off these debts, and it often takes years to do so. Private universities tend to be more expensive then public universities, due to the fact they are not partially funded by the state where they are located. As American families are becoming more aware of these high costs they are thinking twice about applying to the private universities. Norwich University, a private university in Vermont is among those high priced schools. Norwich just this year†¦show more content†¦If a student receives the highest scholarship the cost is still a steep $32,000 a year. National averages show the cost of a private university in the US to be around $29,056 (College Board). This sheds light on how high the cost of Norwich really is and that even with the highest available scholarship, Norwich would still cost $2,944 more than the national average of a private school. Now that the myth of Norwich offering scholarships that offset the cost making it the same cost as other schools has proven to be false, we can explore how this cost is hurting Norwich students and the university as well. College seeking students are facing a hard reality. They may not be able to attend the school they most desire if they can not get a good scholarship, or they will need to choose a school less desirable because it is among the few they can afford. This proves to be a serious problem, limiting student’s decisions by limiting their choices. Students might choose to attend an expensive school of their choosing and find that they do not have the funds to pay the tuition and then are forced to leave the school. Such situations are evident at Norwich by data provided by the Department of Education, an interesting statistic to note is that the retention rate at Norwich University is 77% (National Center for Education Statistics). This means every new school year Norwich only holds about 77% of the students it had the prior year. However, not all of the