Respuesta :
Answer:
Explanation:
To know whether the increase in tuition made it more difficult for the average student on affording the college tuition we have to make a comparison of the increase in tuition with the average rise in personal income after taxes.
The average rise for annual in tuition at public institutions of 6.4% is 30% higher rate of rise compared to the average annual rise in personal income [= (6.4% - 4.9%) / 4.9% = 0.30].
The average annual rise in private institutions of 6.5% is 33% higher rate of rise [(6.5% - 4.9%) / 4.9%] = 0.33).
Thus the calculations reveal that for a typical person it has become more difficult to afford college.
Yes, these hikes in tuition fees made it increasingly challenging for the typical student to finance college.
One factor for the rise in college fees is the increased number of students applying for admission.
Higher education is required for a successful career in today's world.
An rise in college prices indicates an increase in college demand.
Due to the lower rise in salaries in contrast to college fees, there is less money available for fee payment. Otherwise, supply will fall short of demand.
Scholarships are simpler to get by for intelligent students, but not so much for ordinary students. As a result, arranging that additional amount to bring supply and demand into balance will be tough.
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