In conclusion, the ever-increasing cost of college education has had many effects not only on students, but also on the government and parents. For those who struggle to pay school fees, an increase, no matter how small may be very strenuous. The highest price paid by those who cannot keep pace with the rising cost of college education is dropping out of school. Dropping out of school for those with debts from education loan makes things worse since they are unable to repay the loan. Their inability to repay the loan is influenced by lack of good paying jobs that only go to those with certificates from college. Further consequences include inability to secure other loans before repaying the initial one. Low enrollment rates, the burden placed on parents paying fees and diminishing retirement savings are other negative effects of high cost of college education. Moreover, the standards of living are lowered by the burden of shouldering the increased costs.