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.
"Ways To Improve College Education"! Why College education is so important? America's colleges and universities are in crisis. They cost far too much: America spends thousands more per post-secondary student than any other OECD nation. For all that money, we achieve outcomes: 42 percent of students who enter a four-year institution fail to leave that school with a degree within six years, and studies find that many students' improvement in thinking skills is insignificant or nonexistent.
How are they going to pay for particular expenses by coming from a penniless family? Because of this you have athletes accepting illegal things such as money, cars and clothes. College athletes ever year bring in at least millions of dollars due to products and the games played. And the athletes that do can leave college and go pro they do because they are living in near poverty. College students should get paid because of all the income they bring in for their school while playing.
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.
Should a multi millionaire son receive a scholarship to University is making major budget cuts along with raising tuition for those students who are offered scholarships? That is the question Dennis Romero asks in his LAWeekly.com column. It is also the successful opener to The Week's article 'College: When The Rich Get Scholarships'. Well my question is; when the rich get scholarships, what does the underpaid middle-class get? If a University is budgeting its money and only allows so much for scholarships and then those scholarships are given to those who can afford a college education, where do those who can't fall?
Parents spend a lot of money for their son or daughter to better them through higher education. Alcohol directly causes that investment to be wasted away. “Alcohol consumption before and during final exam period is detrimental to students’ performance. The effect is particularly significant for the highest-performing students, according to the study” (Daily Princetonian Staff) this quote explains how alcohol consumption is directly associated with failing grades, even in usually high performing students. The quote came from a study taken during finals week at a college.
Financial Aid for College Students Desi Curry Everest Online University ENC1101-111 Financial Aid for College Students Many people say that they cannot attend college because they can’t pay for it. I can agree that college can be expensive, but there are plenty of ways to make college affordable. The average cost of a private, four-year College is well over $20,000 per academic year. (Scholarships.org, 1999-2011) Divide this figure in half and you have the average tuition for a public university; in half again, the still formidable tuition at a community college. (Scholarships.org, 1999-2011) This can be overwhelming to some people and be a stumbling block for furthering their education.
Simply put, these financial institutions are offering gimmicks such as pre-approved accounts at terms that cannot be repaid with a minimum wage job. Students are of the age that their parents do not need to know that the even applied for a credit card until they have gotten themselves into trouble with them for nonpayment. This trend has many college students becoming trapped in the financial nightmare of high debt acquired while in school. As a result, it has become the burden of many parents to cover the costs of the overall debit after the fact. These will re-pay the debt to save
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.