There are many different other ways to finance your education, including loans and part-time work, and there are many services and programs out there that can help ensure you do not go deeply in
An anecdotal example is given of a student who admits that while she should have been paying attention to the lecture, she instead was anxiously watching the clock wondering if she would make to the local shelter in time. Sara Goldrick-Rab and Katherine M. Broton speculate that this could be one of the main reasons why students drop out of college. Even students who attend community colleges, which are supposed to be more affordable, struggle to support themselves while getting their education. Sometimes scholarships, while they still cut costs, are not always enough to help students through college. Since a higher education is becoming a necessity for getting a job, the solution to this food and shelter insecurity is to create private and government initiatives which will help support students with their basic needs throughout college.
As a single mother, she has done everything in her power to make sure that her two daughters receive the education they deserve. As senior year slowly approaches, I find myself struggling to maintain financial aid, as interest rates in loans are also increasing. Pell grant also has a limit, which is also approaching for me, leaving me without any financial assistance due to the fact that my mother cannot afford to pay tuition for each semester, including my future dream to attend law school
The best solution is to join the Scholarship Sharing organization created by Lorraine Santalucia. Her solution will benefit any student dramatically because it can help any student graduate debt free. Her strategy is extremely efficient in time while attending college , meaning that no time is wasted for saving money for future college education. In the article it says , “ I would apply for 10 to 20 scholarships at a time “ (Gormus 11). The amount of scholarships that is acquired is added up to a great amount of money that a student can use towards their college education.
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
Several college students deal with monetary obstacles every week. They have to deal with college books, meals, and dorms or apartments before they can even think about having any money left over for fun activities. College books, meals, and having a place to stay are all monetary obstacles because college students have to make tough decisions to get over these humps. Such as if they should choose a cheap apartment so they can have extra money for fun and risk having bad off campus living experience or choose a moderate to expensive apartment for a good off campus living experience but risk having potentially no money for fun at all.
Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Students can't pay back loans for many years. Then, as a domino effect, there is more debt. Middle class parents , are caught in a tight web because they can afford college on paper but in reality, have no money left for retirement and receive no financial aid. The cost of college has escalated out of control and the cost of college grows faster than the rate of inflation. In order to cut the costs of my education, I plan to work part time and contribute some of my earnings to my education.
Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things.
Parents across the nation have found it much harder to pay for their children’s education due to these rising costs. For example, in states like Arizona, Georgia, and Oklahoma “parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent” (citation). These rising costs would be especially challenging for young adults. Working for a college education is a challenge, and many cannot overcome it.
College graduates may be academically qualified for a career, but they can also be hindered by their own financial situation caused by student loans. Scholarships, grants, and work-study programs are all solutions to help in the reduction of student
A part-time job will not amount to the cost of school and living. Although costs are universally high, some of the cost may rely upon the location of the student in relation to the location of the school. Although there are no solutions to the financial challenges of a college student, there are ways to cope with the issue. The best ways to limit financial stress are buying used textbooks, eating at home, applying for scholarships, applying for financial aid, and making a weekly budget plan. Scholarships and financial aid are given to people who qualify; however, these aids do not pose solutions to the problem.
