Financial Issues: Why Students Drop Out Of College?

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According to CollegeAtlas.org, “30% of college and university students drop out after their first year.” Growing up, most people 's dream is to graduate from high school and enroll in a community college or a university, but what happens once they get to that point of their lives? To some people, attending a college or a university is the most important step of becoming an adult, and if they have a clear mind on what they want to study, they will begin studying their major. While for others, college is the place where they will find out what they want to become. Some students, as they go to college, have a clear idea of what they will be studying, but once they start taking courses for their major, they may realize that the classes are difficult …show more content…

College isn’t cheap, college tuitions are immensely high and so are the class fees. According to Ccompletioncorps.org, “College costs have risen 400% in the last 25 years…also, community college costs have risen 200% in the last 7 years and 7.3% since 2009.” As a result, many students have to look for a part-time job to pay for their education. Having a part-time job can be a relief for these students because they have a way of paying their class or book fees, but it can be stressful and difficult to keep up with school and their job. Some students, unfortunately, don’t have their parents help, this is because they are either unemployed and if they are employed, they have household bills that they need to take care of. According to a research by Vaidotas Lukosius, J. Byron Pennington and Festus O. Olorunniwo from Tennessee State University, “Students who find it difficult to adjust to college are found to have weaker relationships with, or psychological independence from, their parents (Credé & Niehorster, 2012). Increasingly, students come from first-generation, low-income, and ethnically diverse backgrounds (DeBerard, Spielmans, & Julka, 2004).” Due to the low-income of the student’s parents, students are more likely to drop out of college. Even though students try to pay for their own education, it’s too much for the students to handle when they have school and work to keep up …show more content…

Students who aren’t academically prepared drop out because they lack knowledge, or can’t read or write well. It’s stressful for students to be in a class where they don’t understand the material, even if they do get help from others. Financial problems, stress students and as a result, they drop out. Lastly, students who lack responsibility tend to drop out of college. Hopefully in the future, students will prepare themselves for college, and if high school teachers can help them prepare themselves, it would probably lower the rate of college

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