Is it really necessary for high school students to be required to take a semester class of personal finance? In fact, there are many people who believe taking this class is a necessity: however, there are many people who disagree with the high school students not having to take this class. People have stated that many students should take this class to improve on their financial literacy. On the other hand, several people say that students shouldn’t be required to take this class because they believe that the students know just enough about finances. This essay will state why many people believe that high school students should be required to take this class before graduating high school. Personal finance can help students out in many ways. It seems to help with budgeting, learning to save money, helps with starting bank accounts, and etc. …show more content…
One reason many people agree is because there are researches that show that students who took this class in high school know how to take care of their financial benefits themselves in the real world. Professor Gutter explains the experience he’s had with his college students that have or haven’t took this class yet. In “ Working Financial Literacy in With the Three R’s, “ Gutter states, “ College students who came from states where there was a course required were more likely to budget, were more likely to have maxed out their credit cards in the last year and were more likely to be paying off their credit cards fully.” This quotes is a good example of why many students should be required to take this class. However, taking this class seems to be very useful for many high school
Once high school ends, most students progress to college after a year or two from graduation. Due to all of the expenses for textbooks and etc., the student might realize that they don’t comprehend what to conserve or spend their money on to get through their years of college which will leave them clueless on what to do next. With situations like this that might occur, all high school students should take a financial literacy class as part of the mandatory course in order to get a diploma. With a numerous amount of students not having enough knowledge about how to manage their money carefully, presumably they’ll have trouble living their life as an adult. Taking a financial literacy class would help students stay out of debt, they’ll be prepared for their future, and they would recognize the discrepancies between wants and needs.
The authors statements in his essay are ones every student coming into college age should hear. Though it is widely known that our economy has been through hard times, it is great to hear the prospective of a college student learning valuable life lessons. The motivation to use this first hand knowledge and see its potential to motivate himself through his studies is a lesson for all students.
Lee Siegel's “Why I Defaulted on My Student Loans” challenges the current state of the American system of higher education by targeting and discussing its economic impact. He begins by recounting his own story of how he was forced to take out a loan for his education at the age of seventeen. Immediately, his misgivings with the system become obvious as he states that he essentially gave his life away in order to go to college. His background is interconnected with his views on the subject given his statement that he was unable to afford college after his parents divorced and later, his mother entered bankruptcy. As he continues on to discuss how the current system causes students to be forced away from their vocation, he explains how he chose
When it comes to the topic of college, Martin Espada, the author of "Why I Went to College," argues that college is a must and that if you do not attend college there will be consequences. In comparison, David Leonhardt, author of "Is College Worth it? Clearly New Data Say," also argues that college is very important to get a higher paying job than those who do not attend college. In contrast, Leonhardt also argues that college may not be the best idea considering the substantial amount of debt provided with college. My own view is more with David Leonhardt because I understand both sides of attending or not attending college with the positives and the negatives of the dilemma. This discussion is important in our society today because we constantly push the idea of college on to kids that may not even be ready for college or the fact that the debt may not be worth it; also the rise in the wage gap between college students and non-college students.
One of the advantage is that students can earn money. Some high school students have to earn money on their own to pay their future college’s tuition fees while some students just earn money to pay for their expenditure or satisfy their desires. High school students don’t have to be dependent on their parents for money. Money can make t...
Austin, Anne. “Money Concerns and Financial Aid.” Education and College. Ed. William Dudley. San Diego: Greenhaven Press, 2003 Teen Decisions. Rpt. From “Financing College: Exploring Your Options.” Career World. Opposing Views in Context. Web. 25. Nov. 2013.
The idea of a college education is the standard path for a student after high school, but differences in opinion would question its value. Parents constantly remind their children about the importance of college, and how it can lead them to have a successful future. Millions of students attend college, whether it be at a community or a university, with the goal of pursuing a degree that only a college has to offer. The amount of successful graduates, affordable tuition fees, and long-term benefits help make college valuable. The courses offered at college are considered valuable in their own way.
The article’’ The Reason College Cost More Than You Think’’ by Jon Marcus, informs students that there are a lot of financial responsibilities to come from being a college student.
One might say there is a strong argument for the requirement of financial literacy for students in America. Americans continue to have increased balances on their credit cards as well as show a continued increase in bankruptcy filings according to statistics. Even the “baby boomer” generation is no longer exempt from financial hardships, as their generation has recently taken the title of “Fastest Growing Bankruptcy Demographic” from the 25 – 34 year olds (Linfield, 2011). Would it not make sense to say that Americans need to learn how to budget and borrow more wisely? Would not the best place to start be in schools? Well, the answer to that question is not a simple one.
The question of whether or not college is worth its cost is so prevalent in people’s minds. This controversial debate is supported by many facts. Whether college is important or not may really just depend on a person’s interests, and their family’s values or customs. The facts are really not overpowering on either side of the debate, as they equally show how college is worth its cost, and how it is not.
Numerous amounts of people have financial problems when they get out of high school, so what should the school board do? In 2007, thirty-four out of fifty states have personal finance courses in their curriculum (Bernard 4). A financial literacy course seems to be what a majority of states are doing. Financial literacy courses have their pros and their cons just like everything else. Financial literacy courses bring up some very important questions.
If a child repeats a grade, does it cause more harm to the child? Repeating a grade can be tough on a child. In the United States children are retained for many reasons by teachers and principals. However, retaining a child would affect a child’s social and emotional development. Therefore, dropout rates will remain high until something is done to capture a child’s attention. According to the Taking Sides book 2.5 million students are retained each year. (Black & Perry , 2008) Furthermore, if this continues then more state dollars will be spent on a child who remained in the same grade. Therefore, should a child be retained once they became school agers.
Many students are so deep in debt that they only feel secure by remaining in school.... ... middle of paper ... ... After taking a holistic view of the current situation, it is in the best interest of the economy and America’s citizens to put the saved money into a system that will potentially make college more affordable and revive some aspects of the economy.
Learning basic skills such as, hem a skirt, or create a budget, are practical life skills that are to be taught in Home Economics classes. “The basics of cooking, shopping, and ‘Balancing a Checkbook,’ once seen as knowledge that any young woman… should have are now often not learned by young people of either gender, even as we have come to understand their major societal implications” (Graham). Basic skills listed above are not being taught in the schools, and are not guaranteed to be taught at home. Knowing these skills can help many teenagers grow and succeed after high school, and have the skills to survive once they move out. “Working people have become dependant on the service industry. We can no longer hem our skirts; we pay a seamstress or tailor to do it. Instead of creating a budget ourselves, we pay a f...
At this point you will combine all the knowledge from the years before and learn to apply it into the real world. Here is where we start to implement more economic and adult based knowledge. Though some high schools cover some of this information in classes, these classes should be mandatory to teach students how to be mature successful adults. The second phase is the addition of career oriented classes at the high school level of education.