College And University : The Reality Of Adulthood And How This Impacts On A Financial Scale? Essay

1372 WordsDec 6, 20166 Pages
Students attend college and university every year after completion of their high school graduation. One of the many issues students face is the reality of adulthood and how this impacts themselves on a financial scale. For instance, many students have not had to save their money nor do they have much of it (however, it depends on the family situation). With that said, they do not know how much one year of post-secondary education is going to cost them. Therefore, some students do not save any money until the summer of or year before they leave for post-secondary. Students in general are young adults that have had little to do with saving their money and more about spending it on items they want. This causes issues for students while in college or university because they do not know how to save for their school year fees and costs. During the academic year, students who have not developed responsible money habits will struggle with financial debt which leads them to worry about not having enough financial security. Furthermore, students who either did not save enough money or are in a position that they could not save their money due to being from a low-income family most likely have to get a government student loan or a student line of credit through their financial institution. Therefore, when the post-secondary term starts students will be on their own for probably the first time in their lives. Many of them do not know how to set budgets, be responsible with their money

More about College And University : The Reality Of Adulthood And How This Impacts On A Financial Scale? Essay

Open Document