National Association Of Health Careers & Education
Inflation and The Family Financial Burden vs College Enrollment
Across the Nation the inflated cost of college enrollment vs inflation has become a major issue for many families and these trends will ultimately discourage most low and middle-income families from considering a college education as a practical option.
College enrollment vs Inflation and The Family Financial Burden
Across the Nation the inflated cost of college enrollment vs inflationhas become a major issue for many familiesand these trends will ultimately discourage most low and middle-income families from considering a college education as a practical option. As the families across the Nation gear up for college they are starting to notice the inconsistencies with the cost of college enrollment vs inflation. A great number of parents are actually postponing retirement and accruing more financial debt to pay for their children’s education. As some families save for many years to afford their children’s education, the majority of families neglect to do so. They have to dip into retirement investments and acquire student loans to cover this inflated cost of college enrollment. It’s more than just enrollment cost; there are also books, dormitory and the cost of living. A recent surveyfound that more than half of the American families state they haven’t saved as much as they hoped for retirement mainly because a good amount of that money has gone towards their children’s education rather than their retirement fund. Family members actually have taken on financial debt to help their children complete college.
Consequently parents with children under the age of 25 say they are going to delay their retirement as much as 5 years and more. Even with financial assistance, loans will still be a financial burden and will have to be paid off merely postponing the financial strain of payment. Nearly 70% of students who graduated from a public or nonprofit college in 2014 walked across the stage with student loans? GoodCall breaks down the report to show various consequences student borrowers could potentially face. The full report can be found here: https://www.goodcall.com/personal-finance/student-loans/
Reasons for the Inflated Cost of College Education
Since the mid-1980s, the expenditures of higher education in the USA have gradually shifted from the taxpayer to the college student and family. The inflated cost of college enrollment vs Inflationis soaring roughly at a rate of 7% each year now for decades. Since 1985, the total consumer price index has risen 115% and yet the college education inflation ratehas risen close to 500%. Since 1982 typical household earnings increased by 147%, exceeding inflation but drastically behind the significant rise in college costs. In accordance with Gordon Wadsworth, author of The College Trap, “…if the cost of college enrollment was $10,000 in 1986, it would now cost the same student over $21,500 if education had increased as much as the average inflation rate but instead, education is $59,800 or over 2 ½ times the inflation rate.” Blunting these particular increases is a surge in federal government assistanceas well as tax CEU and deductions. Approximately two-thirds of undergraduates today attain some form of financial aid and student loan financing is on the increasing. Educational institutions and are one of the main contributors to the higher cost of college enrollment vs inflation. For a number of universities rising prices is as a result of increased spending on facility development, lab, and computer system expenses and predominantly workforce expenditures. Between 1993 and 2007, total Career Resources For Healthcare expenses increased by 35%. At the same time, administration and operating expenses increased by a substantial 61% and instructional costs increased 39%. A study by the Goldwater Instituteincludes, “universities have in recent years vastly expanded their administrative bureaucracies, while in some cases actually shrinking the numbers of professors.” Enrollment increased between 1993 and 2007 by 14.5%, administrators employment per one hundred students increased approximately 40% together with expenditures on administration per college student increased by 66%. As long as overhead and salary continue to increase the inflated cost of college enrollment vs inflation will continue to rise and educational institutions are going to be outstripping the abilities for the majority of Citizens to pay for a traditional education.
Lower Quality Higher Education
The quality of higher education has actually begun to diminish in higher education institutions as they are confronted with constraints. Enrollments continue to be decreasing, study course options are minimized, adjunct and part-time personnel are increasing, and undergraduate services have been diminished. This not alone negatively affects the quality of education and learning, it will be a fiscally unsustainable strategy in the future. Educational institutions are additionally competing progressively more for private investment, which in turn contributes to them concentrate on measures of status and prestige so that you can attract donors, as opposed to increasing the quality of education. State budgets currently have elapsed more into structural debt contributing to the inflated cost of college education and educational institutions have searched to seal these financing deficiencies through the different types of resources. These resources may include government research finance and philanthropy but unfortunately, the greatest contribution continues to be the college student. Universities enrollment has actually increased from 22% in 1985 to 36% in 2005. As state budgets continue to decrease, these trends will certainly continue. As the benefits of having college education proceed to decline in the workplace, the inflated cost of college education will no longer be acceptable. The American People are beginning to wake up and realize there is no fiscal accountability from institutions of higher learning. Fortunately for Future generations, they will have an opportunity to receive the highest quality standards of education through affordable distance education and learning, therefore, a better opportunity to achieve their dreams and financial goals.
The Top 5 Skills of A Medical Administrative Assistant
A Medical Administrative Assistant is the first person we speak with at a physicians office, clinic, urgent care, etc. Medical Administrative Assistants are intermediaries between the patients, the medical provider, insurance companies, and other healthcare providers necessary for a complete patient care. The job responsibilities can vary depending on the size and specialty of the medical facility. If you have acquired the following top 5 skills, medical administrative assisting may be the right career choice for you…
Health Career Soft Skills For Success
Hard skills are easy to quantify, specific, teachable abilities that are acquired through formal education, training courses, and experience on the job. It is your knowledge and expertise in a particular field that makes you employable. Those are the skills that employers and recruiters require you to have to be even considered for a position. If you ever looked for a job in your profession you know exactly what they are because they are on your resume. Hard skills can be learned and perfected over time, tested at a job interview…
Advantages Of Online Education
With constantly evolving technology and instant access to information, the traditional educational system is transforming. We see more online courses offered by colleges and universities. In our fast-paced and busy world, where we have to juggle all the life’s responsibilities, eLearning is gaining popularity as an alternative to a traditional education for many reasons…
Certified Medical Administrative Assistant (CMAA) Career
The healthcare industry is expected to have the fastest employment growth in the next years. The constantly growing demand for specialized Health Professionals in the medical sector offers stability, advancement, and good pay outlook. Highly trained medical Administrative Assistants are in need. Explore what is required to become a certified medical Administrative Assistant (CMAA), and if this is the right career choice for you…
Health Information Management (HIM) Career
In the recent years, we see more and more information technology (IT) implementation in the healthcare field. The traditional way of running a medical facility is rapidly changing through electronic health records (EHRS), personal health records (PHRS), health information exchange (HIE), electronic prescribing, medical coding and billing, etc. Everything is happening online and instantly. The need for Health Information Technologist +T (HIMT) Health Professionals is on the rise…
The Certified Medical Assistant (CMA) Career
Considering a career as a Medical Assistant? Here are few things you need to know. Medical Assistant is certainly a very demanding but fulfilling career with many advancement and growth opportunities. If you enjoy helping others and like working face to face with people than this is the profession for you. Medical Assistants interact with patients every day, and the patients are their main focus….
Open the door to a career in HIM as an Electronic Health Records Information Technician
A medical Records Information Technician should have a clear understanding of the difference between EMR and EHR. HIM professions are in high demand. the applications of EHRs and medical coding is providing various opportunities for career advancement and in the healthcare sector. Critical information about our health, prescription medications, allergies and results of previous tests to be accurate and instantly available has become very important and demanding component of today’s health care operations…
The ECG / EKG Technologist and Certified Electrocardiograph EKG Technician Career
The Certified Electrocardiograph EKG Technician is a Nationally recognized certification. In this profession, those who are certified have an advantage when looking for a job. Discover the benefits of becoming an EKG tech and begin saving lives in this gratifying and rapidly growing health career…
Phlebotomist Careers and Mobile Phlebotomy
There are more than 1 billion blood draws in the United States each year and healthcare laboratory tests is a substantial part of a 2.7 trillion dollar US healthcare market. This market is massive and continually expanding and has called for improvements and the reinvention of phlebotomy processes to improve laboratory access to diagnostic blood draws and testing…
College enrollment vs Inflation
College enrollment vs Inflation and The Family Financial Burden Across the Nation the inflated cost of college enrollment vs inflation has become a major issue for many families and these trends will ultimately discourage most low and middle-income families from considering a college education as a practical option…
Certified Clinical Medical Assistant (CCMA) Career
When changing or starting a career path many things need to be considered: employment rate, required training, earning potential, soft skills, experience, advancement opportunities, etc. If you are considering becoming a Certified Clinical Medical Assistant (CCMA) here are some facts you should know before you decide, whether to pursue this career or not. First of all, what does it mean to be a Clinical Medical Assistant?
Pharmacy Technician (CPhT) Career
There are many things to question when choosing to start a new career. How much will I get paid? will I find a job easily? What is required of me in order to be successful in this field? Before starting a career as a Pharmacy Technician, there is some important information you should know and take into consideration.
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Training and Certification for Allied Health Specialization
MEDICAL ADMINISTRATIVE ASSISTANT
Medical Administrative Assistants provide an essential service to clinics and physician’s offices and hospitals.
CLINICAL MEDICAL ASSISTANT
Clinical Medical Assistants work closely with patients and doctors in an occupation that significantly increases productivity in a clinical setting.
Medical Assistants responsibilities ranging from recording medical histories, discussing treatment procedures to patients, collecting laboratory specimens, to assist physicians during examinations.
MEDICAL Records Information Technician
Expand your career opportunities and increase income potential by becoming an Electronic Health Records and Medical Billing and Coding Specialist.
ELECTRONIC HEALTH Records Information Technician
Electronic Health Records provide a principal service to doctor’s offices and healthcare facilities.
MEDICAL BILLING AND CODING SPECIALIST
Precise coding is essential to the successful operation of any health care facility considering the fact that reported codes determine the amount of reimbursement received.
Phlebotomy is a skilled field of clinical practice primarily based on the collecting and proper handling of human specimens, a primary role in laboratory testing and patient care.
HEALTH INFORMATION TECHNOLOGIST +T SPECIALIST
HIM+T Specialist manage and organize the health information databases and registries to assuring the accuracy, accessibility, privacy, and security of a patients health information.
EKG ECG EKG TECHNICIAN
EKG ECG EKG Technician aka Cardiographic and Electrocardiograph Technicians work closely with cardiovascular technologists and specialize in electrocardiogram EKG ECG testing.
MEDICAL ASSISTANT CLINICAL SPECIALIST
NAHCE Medical Assistant Clinical Specialist courses is a cost-effective and convenient opportunity for success driven individuals to excel in this demanding allied health profession
MEDICAL ASSISTANT ADMINISTRATIVE SPECIALIST
NAHCE Medical Assistant Administrative Specialist have received the highest standards of Medical Administrative education and have met the educational requirements of the certifying bodies in your field.