There are many factors that contribute as to why students are in need for student loans and credit cards. One important factor is school. It's becoming expensive and in a recent study done by the College Board, it is stated that the escalating cost of school has risen its highest than in all the years since they started recording the cost of education. Because attending school isn't an option, a lot of students look toward student loans and opening credit cards to help pay off their tuition, books, and living expenses. An article on student loans on USNews.com states that, “Although the federal government will hand out billions of dollars more in college grants in 2011 and 2012 than ever before, the nation's financial aid programs as a whole are not keeping up with rising tuition, government officials and financial aid analysts say”.
With the rising tuition education is going to be very hard to acquire. So it is time for America to change and find a way to lower these ridiculous prices. A College Board report found that about 66% of students who earned a bachelor's degree in 2008 graduated with a substantial amount of debt. This proves that the cost of tuition is rising and in another report, it determined that the average debt of the class of 2008 owed $23,200. This was determined by the Project on student debt, a non profit organization.
Bijena Adhikari Jerome Parent English 121-56I 03/29/2012 The value of college In this century “the value of college” has been a big debate among the parents, student and the professor themselves. College is not a gateway which guarantees better jobs and better salaries, but it definitely makes a huge difference while accruing one. College is a guideline for stepping out in a real world and tackling real problems. While the tuition fees are increasing every year so as the curiosity, is it worth spending that huge amount of money? And after graduating will there be a secured job?
As if the current prices weren’t bad enough on today’s students, according to the College Board’s annual report there is an annual jump of almost 10% in the cost of tuition at public universities (College Game). This increase may not seem like much at first, but add up the increases over the four or five year time span it takes to earn a degree and tuition will have risen roughly $1000 by the last year of school. This constant increase in college education is making it hard for many to attend college due to costs. The increasing cost of higher education leads students to have an increase in debt after graduation. Everyone in this room is enrolled in the University of Georgia.
Students Should Work Throughout College Students are eligible to work up to twenty hours per a week while taking at least twelve credit hours per a semester. Although many parents would disagree with the thesis “working while studying is a good thing to do,” students should use any given opportunity to work during college. There are many reasons why students should work throughout school; however, in this essay, I am going to discuss the three most important reasons: financing college, gaining necessary experience for future jobs, and socializing and adjusting to college life. In today’s economy, paying for school can be extremely difficult. Though the economy is still in bad shape, tuition fees continue to increase every semester.
Only I think of the ‘luxury’ as being able to step into and attend college classes daily. Many students are denied the privilege to even be accepted to a university based on their income, ability to pay for tuition costs, and time juggling a full time job. While I agree that trade schools and training program degrees may be appropriate for many individuals, I personally think that one obtains a well-rounded education when taking classes in the Liberal Arts and can obtain more ‘real world’ training if laid off from employment and forced to take an unfamiliar job. Many need to be able to continue to provide for themselves, and often a family with no advisement or help from others. I agree again with Ungar on his theory that “it is often difficult to explain the advantages of a liberal-arts education to people from other cultures, where it is common to
Our society undervalues entrepreneurial work, trade skills, and it discourages young people from pursuing this type of education after high school. Now this isn’t a good thing for a few reasons. For example, tuition fees have gone through the roof to go to college over the last thirty years, and that means debts are increasing ridiculously. According to stats from CNBC, right now in the US, college related debts are over a trillion dollars. This debt is getting harder and harder to pay off too, because there are so limited jobs available for college graduates.
Students should not have Credit Cards in College EM Swiams Com 156 2/20/2011 Elizabeth L. Vunk Credit card companies are marketing on college campuses that have led to a growing trend of young adults, in America, becoming trapped in the financial nightmare of high debt acquired while in college. Many things transpire quickly when a young person leaves high school and starts off for college. For those moving out of his or her parent’s house, there are dwelling arrangements, food and spending money to be considered. Depending on the level of support from the parents, the student also needs at least some financial income for food, supplies, entertainment, etc. When both the parental support and other income do not fill the need or desire of financial independence students are more increasingly turning to credit cards.
Knowing I’ll be in debt for years due to student loans, the constant stress of studying, and the possibility of not finding a career are all thoughts that have led me to ask, “is it worth it”? It’s a common theory that attending college and earning a degree is a path to pursue when looking at various career options. However, there are several factors that contribute to the worth of a college degree. The majority of people seem to ignore several of these important factors while making life changing decisions about college, and their future as a whole. However, the major question at issue here is simply related to money in, money out.
People who go to college now pay to go there and if they fail a class they just wasted a lot of money. If the government paid for everyone’s education then no one would think they would have to work hard and they would think they would have to work hard and they would end up failing once they moved in to there career. The only people that deserve to go to college for free are people that earn a scholarship or those who apply for financial aide. These programs are there for the people that have the desire to go to college. Most people that think a higher education should be free are not very wealth but there are programs like financial aide to help them if they have the desire to get a higher education.