Personal Statement: The Need To Pay For My Education

To pay for my education I will receive the help of my parents, scholarships, and loans. My parents will be helping by letting me stay with them during college, meaning I will be driving to college instead of staying in a dorm. However, I am helping contribute to my education as well, I am currently working at Five Guys, and I am preserving as much money as I can to ready for my future costs. Not to mention that during college, I expect to work full time as well. Additionally, my parents have to provide for my twin brother, who is heading to college at the same time as me. Sadly, I will not have enough to pay for college with me and my parents alone, and it’s essential I find money elsewhere. I am comfortable with taking on some student loans,

if it will help me get to college. How much debt I will amass depends on how much funds I can obtain. I am comfortable with taking on loans that will compensate one year of tuition. Even with loans, I would still require a great deal of aid from my parents, but they cannot provide further than a bit of the tuition and housing. This is because the Great Recession hit my family hard, my parents still have not completely recovered from what happened financially. My dad constructs houses for a living, and during this time the house buying market was rock-bottom. This induced him to have to find a new job. He was not making nearly as much money as he used to, which cut our income by a large margin. We couldn’t afford to pay for our mortgage, so the bank seized our house from us, and forced us to move. Not only did we have to find a new house, but we had to find the cash for it. This compelled my parents to use the money they saved up for our college, in order to pay for the house. My dad has since gotten his job back, nonetheless, the college savings that they saved up, were consumed. This is the main reason why any and all scholarships, or loans I can collect, will help me tremendously.