Applicants With Questions

College has become a norm in today’s society so much so, that the average costs of higher education are not really discussed. A public two-year in-district college was $3,520 for a full-time undergraduate student in 2016-2017 (Baum 68). Baum also declares that a public four-year in-state undergraduate tuition was $9,650; a public four-year out-of-state college cost $24,930; a private nonprofit four-year college costs $33,480; and a for-profit college cost $16,000 for that same school year. (68). Across the nation, figures will vary because of the obvious geographical region differences, but also because of price discrimination. Price discrimination allows institutions to discount their prices for a lot of students (Baum 79). Institutions do this based on individual student circumstances, and it segments the market. Institutions

Latino/a first generation college students are also stressed due to financial anxiety. Since, Latino/a first-generation college students come from predominately low socioeconomic status families that never thought about saving money for college, the stress about how to pay for college and tuition arises. Since these students are the first from their family to attend college, academic and financial expectations are increased with the now need to balance school and work in order to pay for their education and basic life expenses. Most low income families will benefit from the FAFSA and government grants; however, if the lack of necessary resources as mentioned above is not present. The guidance of how to fill of the FASA was mostly likely not there.

Finally, the most difficult challenge students face in college is a financial hardship. Many students come from various walks of life and sometimes determining one’s financial capability to offset college costs during the early stages of can be problematic. Some students come from well to do families who have a tremendous capacity to pay full tuition without external assistance. These particular students do not require financial aid or scholarships, as they can meet the institution’s financial requirement regardless of what level in college they may fall under as the source of wealth is derived from the family or families. Other students, however, come from impoverished families whom solely depend on financial aid and work full time or part time

Introduction: 5 a.m. The alarm clock rings, on a normal day you would dread waking up so early. But today, is not your normal average day. Monday, August 21st, 2017, is the beginning of your first day of a new journey of college as a freshman; the nerves of the unknown lingers on as you sat in the classroom, awaiting your professor arrival. Suddenly, the door swung open and a tall, muscular, Caucasian male walked in, commanding the class attention by his demeanor. The nervousness intensifies as he proceeded to call on the attendance. This is it people! the moment everyone, including your family, have been waiting for; first-generation of your lineage to attend college. Name by name each student signified their attendance by raising their right arm when called upon, but, there’s a problem, your name was not called on. What? How can it be? There’s no way! you are overcome with complete and absolute shock; realizing you’ve been dropped from your classes due to financial aid issue. To continue enrolling, you would have to pay out of pocket. The excitement that was there before, no longer remains. Countless number of young adults are overwhelmed with the reality of college and paying for an education. For many students, each year, they are the recipient of such a catastrophic experience. Unfortunately, I was the victim of this heart-rending incident; imagine a society where financial aid and student loans did not exist, but instead, the necessity of these financial programs would diminish because college tuition would be free.

In addition to my experience in advising and student affairs, I have also worked as a professional in financial aid for the past eight years. During my time in financial aid I have seen first-hand the challenges students face with the cost of obtaining a higher education degree. My role in financial aid has evolved over my career while exploring the theoretical

According to Castleman, Benjamin, and Lindsay (400), the requiring obligations of learning like purchasing of learning materials like books and other provisions like food and other necessities has made several States to give support to the overwhelmed students. The forms of the assistance include the merit-based scholarships and the need-grants as well as the student loans (Finnie 297). While the main aim of the financial aids is to meet the financial needs of the students severally, it has been insufficient due to the increasing number of

It was normal day like any another when I received my financial aid package from college. I remember the excitement that came with being one step further on the path to my life. And just as clearly, I can remember the sinking feeling I got in my stomach when I looked at my financial aid package. This was the first time in my life I had thought I might not go to college. After thought about education, experience, and money, I came to that college is worth the debt that may be incurred.

Nick Tosches once said, “I don’t have a college degree” (Picturequotes, 2017). Quite frankly, neither do I considering the fact that I am fourteen years old and not a genius. Over the course of the past nine weeks, I have been researching about Florida State University, it’s financial aid, the process of going through college, and Florida State University’s history.

In the U.S. students are encouraged to earn a college degree, but the cost of an education turns many away. “Driven by the allure of a decent salary with a college degree, Americans borrowed to go to school. Outstanding student debt doubled from 2005 to 2010, and by 2012 total student debt in the U.S. economy surpassed $1 trillion” (Mian, Sufi 167). There are plenty of opportunities to obtain funds for college, including one of the most common, student loans. A student loan is defined as “a common way to fund education, specifically college and graduate school, and they provide educational opportunities that you otherwise may not be able to afford” (Barr). Student debt is at an all-time high in America. Over half of all lower income

College is one of the biggest financial burdens in today’s society for many. Since the recession, people often ponder what the best financial options for students looking to go to college are and what path they should take to get them there. Mike Rose, faculty member at the Graduate School of Education and Information Studies at the University of California, Los Angeles, and Karen Lawrence, the president of Sarah Lawrence College, have both written articles about this epidemic stating the advantages and some possible downsides to pursuing a higher education. During these articles, the two writers are trying to persuade their intended audience that college is an option that could be beneficial for them to take advantage of. They both have different

Families are now aiming low when it comes to college- or are simply not going at all. Money could play a huge part in this decision- after all, the cost of college has skyrocketed over the years, and so has the amount of student loan debt. This is something even Leonhardt admits, stating that, because of this, only about 33 percent of young adults get a four-year college degree today, while another 10 percent receive a two-year degree (Leonhardt). And even though many colleges offer financial aid packages, that money may soon be cut and the cost of college will continue to grow. It is true that, in my personal experience, just because a student is awarded financial aid does not mean they have a golden ticket to University. This leaves many desperate students the only option of taking out as many loans as they think they can handle- often more than they should. Debt is not a new issue for America, but it is still a problem. Although David Autor, an M.I.T. economist, laments: “not sending [young adults] to college would be a disaster”, no one can ignore the rising rates of loan defaults, and some think it

Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards

Students and parents will see estimated costs of tuition, books, housing and transportation, grant and scholarship aid, and payment options on one page. It is an individualized information for students and included graduation rate, loan default rate and median borrowing of federal loans.

Although the reliance on student loans continues to increase for college students across the nation, the vast majority of American teenagers are not required to attend and complete a Financial Literacy course before graduating high school. According to Jillian Berman, only five states scored an A on the 2015 Report Card on State Efforts to Improve Financial Literacy in High Schools, and those same five states are the only states in the country that require students to take a dedicated semester of personal finance courses before graduating (Marketwatch.com). There is an obvious problem with the state efforts to properly educate finances when 14 out of 50 states rank in at a failing grade. Money is an essential asset to life on Earth, and proper education on financial management is vital for the basic requirements to sustain life. Education on how to manage money in order to afford food, shelter, clothing should be the main priority of the Financial Literacy courses. More in-depth are topics

While there are many problems college students’ face while attempting to obtain a degree, the largest hindrance from completion is that of financial ability. One of the largest contributors to college dropout rates is the lack of financial support. Many college students must work either full or part time to support themselves or their families. With the declining economy and increasing costs of college tuition, funds are being scarcely distributed and many college students find that they are unable to continue their education due of this.