College expenses have been very costly that students cannot afford to attend college (HO, J.D). In the article, College Education and Student Loan Debt: An overview, he stated that, “The National Center for education statistics reports an average tuition of 25,409 for the 2014-15 academic year at four-year colleges and universities.” It’s amazing how costly it is to get an education. Where many questions, should the amount of wealth you make determine whether you attend college or not? Many students who attend college are in financial burden. Every year, tuition expenses are increasing, every individual that is thinking of going college goes through the financial struggle. Many students thinks about how much income they need to pay for college …show more content…
The interest rate can make it even more difficult. Graduating with a college degree is awesome but at the top of that, the students have to face many financial difficulties. It’s usually hard to get a job, but once you do your half salary will go to the student loan that is still pending. Even after graduation, students still live with their parents because their salary is not enough to live a life to the fullest. There are college graduates out in the world who still pay college loans. Many teachers or professors often state to the student that, “I am still paying my college loan”. At this time they have more stress to handle in life. Getting out of college without a debt would be a future goal for every student. Sam one of high school friends now graduated with a degree in computer science stated that “I have to live with my parent, I have a job but, the student loan is taking a half salary”. Sam is in those thousand students that still pays their college loans. Facing much financial crisis, student’s mental health and physical health can be effected due to college costs. Students also must undergo many difficulties because in the top of student loan they also have to support their …show more content…
Stuart Reginald in the article, Surviving the Storm, concluded that, “state is cutting higher education funding by 30 percent or more”. In terms of motivating the student to attend college, step like this is getting our education less valuable. People that make this kind of decision have gone to the school to be in the position they are in now, where they are now making the decision for the school budget. The way people think is amazing, people are not looking at past on what they overcome to become the person they are now instead they are taking other opportunity away from those are trying to learn. The company like Walmart have many stories of workers who were smart, but couldn’t go school. For example, “one of Wal-Mart worker was great in critical thinking and mathematics and could make a great decision, but because of not enough money now working in Walmart”. This worker from Walmart who was very talented and wanted to continue going to school, but he could not because he does not have the budget for it. Talent like this is hidden around the world, but no one takes a notice because it is not our problem. Stuart Reginald in the article, Surviving the Storm, concluded that, “to help keep its enrollment steady and minimize the number of students dropping out because of economic hardship, Howard University, of the nation’s flagship HBCUs, boosted out
As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college
First, attending college effects financial awareness. College needs to reduce the cost of their tuition to help students that are struggling financially. The benefit of lowering college tuition fees including the fact that higher education is often a standard job requirement in many fields, but also that lower tuition costs increases the accessibility of education, which in turn creates social mobility that is often beneficial to the economy. Freeman Hrabowski, President of the University of Maryland, Baltimore County read an article by New York Times called “College is for Suckers.” He mentions that the article “echoes an increasingly common refrain that college is too expensive, that students are taking unmanageable debt.” (Hrabowski 259). even though Freeman states that there are college prep
Mark Kantrowitz indicates in his article, Why the Student Loan Crisis Is Even Worse Than People Think, that “Student loan debt is increasing because government grants and support for postsecondary education have failed to keep pace with increases in college costs”(Why 1). This means that the government no longer covers for college tuition fees. College graduates are 20% more likely to work at a job that is outside of their major by the debt they are in. Kantrowitz also mentions that “students who borrow to attend college, it appears that more than a quarter (27.2%) of them are graduating with excessive debt” (Why 1). In reality, leads to student saying that the financial cost was worthless, ending up with a job that is especially not what they went to school
Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore. College is very important for furthering someone’s career, but no one thinks about all the costs and the stress that comes along with college. Tuition fees and costs are increasing more and more each year. Now days it feels like you have to be a millionaire just to attend a good college and get a good degree in what you were attending for. There are some students that do not have a lot of money and live on very little things with their parents, but indeed are very smart and have a 4.0 GPA. Those students are the ones that are unable to attend college if they cannot afford it. College tuition is too expensive,
But what’s more important? Saving money orapplying to college? So here we ask ourselves on more time, is college worth it? Of course, it is.The more colleges you apply for, the better. Expanding your college options are better thanlimiting yourself with a budget.The cost of tests and applications may be high, but that is nothing compared to how muchcollege really costs. In college, you’re not just paying for the opportunity to learn. You arepaying for books, to rooming, to the grass you step on, and to the air you breathe. A student withno subsidizing means to pay for college can find themselves amidst a nightmare when findingout how much college costs. The cost is so high that an “average of $29,400” (Webber 2) isexpected for a single student’s loans. College tuition, is not lenient, and you know it’s bad whenalmost former president Barack Obama mentioned and “criticized the rising rate of collegetuition” (Gutmann 136). The average cost of college can “range from $3,000 to more than$32,000” (How Much Will College Cost Me? 1). And for low-income students? The statisticssay that “only 52 percent of low-income students enrolled in a…college immediately upongraduating” (Elliot 26). The game is not in the favor of low-income students. In fact, collegecosts plus lack of monetary. See, they need jobs to pay for college, but without college, thechances at a good paying job are slim. And so, some never see the end of
and tuition plays a major role in students’ decision for attending college. Students according to a 2008 national survey of roughly 1800 students who qualified to attend college 1000 students of those 1800 did not attend college at all. The main reason claimed by 80 percent of the “non-college-goers” was due to lack of money, more especially not enough grant aid. Although a student was well qualified to attend college having no financial aid made their choice to attend impossible. On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for
Studies have shown that college graduates on average earn more money in their lifetime than non-college graduates. But college grads who didn’t have scholarships spend years paying off student loan debts. Ronald D. Lankford, an editor and writer for the journal The Rising Cost of College, and Richard Vedder, a writer and economics professor at Ohio University, have written articles on their views of college costs and the reasons they think why it is so steep. Lankford, author of Introduction to the Rising Cost of College, explains why he thinks college costs are so high and how it affects people. Vedder, author of Pell Grants Raise the Cost of College and Cause Education Inequality, cites Pell Grants and financial aid as important factors in the rising cost of college. Although both authors offer strong arguments, I think Vedder presents the stronger argument because he has more credibility, being and economics professor.
As high school students begin to look into getting a higher education, certain factors determine what college they may look into: locations, academic profile, graduation rate, school size, and, to some the most important, the cost of the university. The cost of a university can play one of the biggest deciding factors in furthering one’s education. Many students do not have hundreds of thousands of dollars for college. There are many poor people in this world who want to attend college and earn a degree to support themselves and their family and be able to live a more comfortable life. Everyone should have the opportunity to go to college. Every year, college prices are increasing, causing it to be less affordable. This will discourage people
Steve Cohen shows the disparity between the rising cost of college and a family’s capability to afford it. Cohen explains “Tuition has risen almost 1,200 percent in the last 35 years, and the sticker price for many four-year private colleges and out-of-state public universities exceeds $250,000.” Moreover, he goes on to say that even at public universities, it is about $80,000 for four years for tuition and other college related expenses. Later in his article, Cohen explains how this leaves middle-class families in a very uncomfortable situation. The parents or other money-making entities in the household want their student to go to college and earn a degree, but now there can be an element of stress in figuring out how the fees will be paid for. Furth...
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
Could the costs of attending higher education be off putting or act as a barrier to students? Depending on where the student plans on attending, the annual cost of education could be anywhere from $10,000 to more than $60,000. This all depends on whether they are attending a community college, a state college, or a private college. The debt and stress that come with college take its toll on students; this can also prevent some students from attending a college the best college for their field. These students should understand what they are paying for, and if that debt and stress is going to be worth it for the field they go into.
Those who think a college education is not worth it believe that college can become a setback in life due to the thousands of dollars that college students are spending on tuition and books. Students who attend college will not have the money to purchase a home, spend money on family, vacations, or any other costly items and bills. On the other hand, most college students end up paying for their college loans all of their life or go into debt. They will never have money to rely on since their credit cards will be racking up interest for college loans that need to be paid off. As stated by Paul Taylor in Michelle Adam’s report, the cost of a college education has been at a record level and the cost of tuition and fees has more than tripled which is causing a rise in student debt (58). With rising prices, the economy is making it more difficult for people to afford a college education.
Hence, if earning a degree is the most important thing in a college student dreams, how could one possibly afford a four year college/university. There has been a comparison of rich or poor college students. Most likely the rich has firsthand of surviving a four year college but, the poor isn’t. At least 41% of
With the increasing number of college graduates, it has become harder and harder to find a job using a degree that was earned from college due to the rising competition. Recently, there has been talk amongst many that college isn’t for everybody, and not everybody should be encouraged to attend college. Although college is important, it definitely is not essential for success in the workforce. College can be very expensive. Actually, the cost of college tuition is extremely expensive.