College Tuitions: Are Student Loans Worth It?

Education is powerful and important, but College costs are increasing at a higher rate. Students, after high school, go on to study more and chose a career path, that seem interesting ,but students tuition continue to rise, making students gain more stress. In Addition, Scholars take out student loans, that might help lower their tuition, but after graduating from college, they have burdens that will be with them, until they pay off student loans. The life of a college student is categorized by how much they are studying, keeping attendance and communication with peers therefore, college tuitions give them less time because students are too busy working to pay for college than focusing on why they desired to go to college in the first place.

Student Loans make create more pressure for the scholar and their family. Student borrowing student loans do not have enough to pay off the debt plus tuition. In state tuition and out of state tuition make a great impact because student who want to go out of state to study in a major, they will have to pay more. For Example, Kennen Estela and López, Estela, writers of “The Financial Needs of Community College Students” writes, “In 2006-07, average tuition at a community college was $2,361. This represents only 38 percent of the cost of the average tuition at a four-year public university ($6,185)… Financial aid poticies at the institutional, state and federal level have failed to acknowledge the need to support transfer students and increase the participation rates for students from lower-income families…” This exemplifies, student and their families are at higher risk of deriving loan and repaying them off, especially lower- income families. In Contrast, The Morrill Act of 1862, which was helpful and reassure that education would be available to people of all social classes. It gave higher education in America, by setting up institutions, which would educate people in professions that were practice at that time. As a result, The Morrill Act changed the look of education and space for growing and changing country and ensured that there would always be money to finance educational services and that it would have continual government support of these institutions. Also, in “The Financial Needs of Community College Students” she notes, “...As college degrees become more and more necessary for success in the work force, it is crucial that we find solutions to this financial aid situation. A 13 percent graduation rate just isn 't enough. Students should not have to pay, literally and figuratively, for lack of a financial aid system that addresses multiple points of entry to the baccalaureate degree...” Financial aid is increasing at a higher