M.

UMAIR ASLAM
BSEF22M006

The rising cost of education over the past five years can be attributed to several
factors:

1. **Decreased Government Funding:** In many countries, government funding

for higher education has not kept pace with inflation or increasing enrollment
rates. This has forced universities to rely more heavily on tuition fees to cover
their operating costs.

2. **Increased Demand:** As the importance of higher education for career

opportunities has grown, more individuals are seeking college degrees. This
increased demand allows universities to raise tuition fees without experiencing a
significant drop in enrollment.

3. **Administrative Costs:** Universities have been criticized for their rising

administrative costs, including salaries for top administrators and non-academic
staff. These costs contribute to the overall increase in the cost of education.

4. **Technological Advances:** While technology can improve the quality of

education, it also requires investment in infrastructure and resources. Universities
often pass these costs onto students through tuition hikes.

5. **Student Services:** Universities have expanded their student services in

recent years, offering amenities such as state-of-the-art facilities, career
counseling, mental health services, and extracurricular activities. These services
contribute to the overall cost of attendance.
6. **Inflation:** Like any other sector, higher education is affected by general
inflation. Costs associated with maintaining campus facilities, hiring faculty, and
purchasing resources increase over time, and universities may raise tuition fees to
compensate for these rising costs.

7. **Decreased State Funding:** In some regions, state funding for public

universities has decreased, leading to tuition increases for students attending
those institutions.

These factors, among others, contribute to the rising cost of education over the
last five years.