Answer to Question #154361 in Microeconomics for Abdul

Question

Discuss the benefits of allowing universities to charge higher tuition fees for some degree courses. (15 marks)

Answer 1

Charging of different tuition fees in universities has been a major concern according to different courses and programs offered. There are courses that pay higher tuition fee than others. Students pay higher tuition fees for courses which lead to jobs that pay huge wages. Engineering students pay higher tuition fees than students taking bachelor's degree in education arts. It is argued that the additional cash charged for some courses is required to cover the cost of additional programs. Certain programs are expensive to provide and manage than others. Engineering classes require specialised equipment to deliver the quality content. A lot of University resources are used in coordinating internships and clinical experiences for nursing programs. It is evident that graduates who take expensive courses go on to make good cash. The tuition increases will be reinvested in the programs to buy livestock for animal science program inorder to run it. Administrators expanded different tuition fee because they were concerned with falling funding which would lead to lower quality programs. Laboratories require professional staff to maintain who are highly paid. Families and students are willing to pay more for a program with a good reputation. This gives universities upper hand in raising tuition fees.