Can Students Fund Their College Education

Paying for college has become an increasing problem through the years. Many students have been graduating from college with a significant amount of debt that is restricting their freedom for years afterward. The purpose of going to college has remained as wanting an extended education after high school. This education granting you access to a huge variety of careers to partake in. With the rise in college expenses, the negative effects have outweighed the benefits, of ever seeking further education.

After high school, some students decide to make the decision to go to college to further their education, earn a degree, have fun, and some, to play sports. College sporting events bring in money through tickets, jerseys, shirts, and other gear. The money made for all of these items and expenses go to paying coaches, the school, charities, utilities, and other expenses a school has to pay to have a sports team. Most college athletes are given scholarships to allow them not to have to pay for college or anything that comes with the college experience. Some athletes, that are good enough athletically, do not ever pay for tuition, living expenses, meal plans, books, and everything else a normal student would have to pay for. For some college athletes that is not enough. Some college athletes believe that they should get a paycheck based on the money that the school makes on putting on sporting events that these athletes are participating in. Other college athletes are satisfied with the scholarship given to them and do not seek additional money.

College is a big obstacle for students because not everyone has enough financial support going through college. In his article, “Is College Tuition Really That High?” Adam Davidson discusses that the average student does not receive enough financial aid. Education is one of the most efficient ways to becoming successful and learning more about the world they live in. These days, students entering college do not receive enough financial aid to pay off tuition due to the increases in tuition and reduction in financial aid.

Summary - This article by CNN Money discusses 7 different ways to pay for college. College is getting increasingly more expensive and the good thing is most students receive financial aid, but still, there are many students graduating with large amounts of debt. Henceforth, there are ulterior options to make paying for college easier. A few examples, grants, work-study jobs, private scholarships, and claiming tax credits. Some decide to live off campus or to enroll into a community college to help decrease the cost of school. Each method is unique to a student’s circumstances, whether or not they’ll live on campuses not, take a leap year, and or the economic environment they live in. These different factors affect your eligibility for some of these methods such as grants and financial aid. Even without a scholarship, plenty of other methods of paying for college are available.

People will find that the authors say, going to college will be worth the expenditures. College is a lot of time and money. Today, college costs nearly $40,000 a year between tuition, rooming, supplies, and extra fees. Although, people may not want to find themselves buried in debt, after attending college. According to “Are We Getting Our Money’s Worth?” written by William Elliott, he states that “relying on student loans as the primary mechanism for financing college is a recent development.” Loans are how college is paid for in today’s generation, “loans have remained the largest form of financial aid available to students,” no student can afford college. Although, some are forced to go if they want to further their education. Owens and Sawhill mention, “the benefits of a college degree far outweigh the costs,” and “more educated workers earn more.” These authors give a valid opinion which people may

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

Now that I'm a senior I guess college is right around the corner, along with the dreaded expenses. Paying for college can be a stressful experience or a walk through the park. For most it's a mightmare, because of the debt they are or will be in. I've always been concerned about how my family and I were going to pay for college. Fortunately there are many options I can take advantage of to avoid a horrible financial fate.

College is where you go to get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, “two-thirds of American college students graduate with substantial debt, averaging nearly $30,000 (if one includes charge cards) in 2008 and rising.” (AAUP, 2012) Although going to college is beneficial, there is an argument on whether or not going to college is worth the possible debt incurred. The goal

Consequently, students usually accept whatever aid they get without questioning the consequences of it or if they could borrow less. A recent survey by iontuition reveals that most students lack basic information regarding their loans. In high school there is a lack of financial literacy, which is a necessity for those planning to move forward with their education. Since kids were never informed in high school about financing for college, they make uneducated financial decisions. It is time for colleges or high schools to step up their game and to start putting it on themselves to send letters or hold conferences to teach: what different kinds of loans are out there, what loans create how much interest, how much money you should take out for your expected job salary, and payment plans for after college such as PAYE (pay as you earn) and refinancing loans. This can help students make more informed decisions about whether a university or career path is worth the debt. “Whether a student is borrowing too much or too little depends on a range of factors, from family wealth to the chosen degree and whether the student graduates.” (Kelly of the American Enterprise Institute) Each person is different, so they need to decide for themselves what the best plan would

Check out this great podcast episode on how to plan financially for a college education. It has helpful tips and questions to guide parents in the ins and outs of Taming The High Cost Of College.

A student playing a college sport receives scholarships and grants but those assistances are not enough, for a student to pay for their education. According to Hartnet “A full Division 1 scholarship is about $25,000 per year” (1). A state university on “average cost about $23,000 dollars to attend for one year” (collegedata.com), most of the time this cost doesn’t include books or any hidden extra fees that a college or university might have. Also most college athletes only last one to two years with an athletic scholarship, because they usually transfer to a different institution when they can no longer receive the scholarship (Hartnet 1). An average athletic scholarship will not cover the cost of a

The most important problem for high school students and their parents when they think about college is how they will pay it. According Robin Wilson, a reporter for the Chronicle of Higher Education says “In fact, despite stories of a large number of students who face gargantuan debt, about a third of graduates leave college with no debt

Alex went to college to get his doctorates degree, so he can be a doctor. Alex’s first few weeks of college he was hiding in his dorm room crying his eyes out. He was very stressed and was not sure if he even wanted to be there at all. College was not making him smarter. Going to college is very stressful. With the loans students take out college leaves most people in debt. While college can get people a higher paying job, it is a waste of money because it does not help some people get smarter, it causes health problems, and it leaves most students in debt.

With 19.9 million students and $33,000 in debt on average in 2013 and 2014, the worth of a college education is becoming a huge debate. College has always been known as the next step after high school. It’s what most people look forward to for their whole school career. Now some colleges are so prestigious people make it their dream to get in. Not only do students need to worry about getting in but now they also have to worry about the prices. College prices are higher than they have ever been and they are increasing exponentially. The amount of student debt is also increasing vastly. Although student debt is a lot to pay off, college is worth the experience, connections, and opportunity.

Students pay for college through: saving for years if no their whole life for college, taking out student loans and receiving scholar ships. Student loans are a very common way to pay for college, “student loans are, by far, the most dominant type of financial aid” (Redd, 2016). It is estimated that in one year ten million college students took out student loans. That is a lot of students needing financial help paying for college. The student loan debt in 2015 was 1.3 trillion dollars. College is now a necessity for high paying jobs in the modern world. When so many students are coming out of college with so much debt it is hard for them to get on their feet “average monthly student loan payment (for borrower aged 20 to 30 years): $351” (A Look at the Socking Student Loan Debt Statistics for 2016, 2016). That adds up to 4,212 dollars a year. These graduated students are working at entry level jobs and just starting to live on their own and having to pay 4,212 dollars a year of debt from college. That can be really hard knowing they also have to have their own housing, appliances, and