The large amount of students who drop out of high school end up unemployed, stuck with a minimum wage job, or end up on federal aid, and struggle throughout their lifetime. Overall, students have low graduation rates due to the negitive environments they live in. This leads to increased unemployment rates and poverty. According to the government, the poverty line in America means that you have a family of four (two adults and two children) that earn less than $21,834 a year (11). Americans are brought to believe that if they work hard, they will succeed in life.
Coy, Peter. "Student Loans: Debt for Life." Http://www.businessweek.com/articles/2012-09-06/student-loans-debt-for-life#p4. N.p., 18 Sept. 2012. Web.
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
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.
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”.
The top reason the dropouts gave for leaving college was that it was just too hard to support themselves and go to school at the same time. Balancing work and school was a bigger barrier than finding money for tuition, they said. In fact, more than a third of the dropouts said that even if they got a grant that covered their books and tuition, it would be hard to go back to school, given their work and family commitments. Among those who completed a degree, 72 percent had household incomes above $35,000. Among the dropouts, more
Teen Birth rate has gone up due to dropping out of school, unprotected sex, and the economic we live in along with how the teens are treated by their family and friends. First in foremost, teen birth rates increasing due to teens dropping out of school because, they can’t handle the pressure. Juggling homework and a baby at the same time is very much difficult at a young age. About 22 percent of student who drop out return to school and actually graduate. Some even go on to college and have a career that pays great money to help support themselves and family.
Some students decide to go back to college after they are married and have kids, but this can be difficult. These situations may lead to stress. Studying with a lot of stress in their lives can result in a lack of concentration. It may be hard to go through their academic education; consequently, they may drop out of college. The most common reason why students drop out is due to financial problems.
Because of the recession many Americans are forced to leave their houses and move in with family. The rising cost of utilities, food, and housing is making it hard for them to make ends meet. Some reporters have done stories of multiple families living in one house because of losing jobs and other things. They spend their days in the unemployment lines and walking the towns to
You see, not everyone is college material. College is hard, demanding, exhausting, time-consuming and requires a lot of commitment--not everyone is capable of enduring all of that for the length of time it takes to graduate from college. I have also noticed in my counseling that teenagers who are forced to go to college right out of high school often don't take college seriously enough. Generally in that situation, the teenager treats college like it is just an extension of high school. I have seen students go to college because their parents forced them to, then cut classes, not study, do way too much partying, and get poor grades.