The costs of equipping classrooms with the latest technologies have increased dramatically as these technologies have matured. The demand for higher educational degrees is another drive that has also resulted in price increases; especially in non-traditional classroom settings (Allen & Seaman, 2010)
In many cases, the benefits for degrees in non-technical fields may not justify the expenditure in the tuition on a financial basis. China, who is experiencing a similar trend, has actually considering cancelling majors that do not lead to job creation (Associated Press, 2011)
This in turn has caused many analyses to reevaluate the costs and benefits associated with the higher educational process. One analysis found that between the periods of 1989 to 1999 the amount of student debt on average nearly doubled (Boushey, 2003)
One analysis found that between the periods of 1989 to 1999 the amount of student debt on average nearly doubled (Boushey, 2003). Since the period of 1999 to 2011 the level of student debt nearly doubled again (Pope, 2011)
If any major produces graduates in a school who suffer from an unemployment rate of over sixty percent for two consecutive years then this major could be cut by the Chinese government. One driver in the rising cost of higher education is the total expenditures per student have been increasing over time (Vedder, 2005)