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

America prides itself on having what no other country can offer, The American dream. The United States offers someone to have freedom to make a name for themselves and become an entrepreneur in any industry they want. Therefore, it is easy for immigrants to come from other countries and have a chance to succeed in life. Every American wishes to be the great corporate executive officer (CEO) of a thriving company to make millions of dollars; however, achieving this goal becomes extremely difficult when you find out the great challenges that every CEO has to overcome. Aside from trying to become a successful entrepreneur, The American dream also consists of gaining an education. Completing an education in the 21st century is having a

Coming to college as an adult, we have many expectations and preconceptions of what college will or will not be. The expectations we have can influence our college life for the better or the worse. My experience since starting college has been an interesting one. People have misconceptions about college because they do not know what to expect. After doing some research, I have concluded that there are three major factors that are often misunderstood about college life. The first is the financial aspect of college. Second, is the relationship between the professors and students. Third is time management. These three factors play an important role in why people are afraid to go down the path to college.

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

Kris, a wife and a mother, worries about the increasing cost of higher education. She and her husband have a two year old daughter whom they are determined to send to college. They want their daughter to succeed in life, but they have to weigh the complications of going to college as well. “I have always thought about college as a “catch 22”...You’re taught from a young age that in order to achieve the “American Dream” you must graduate high school and go to college,” Kris contemplates (Kris 5).Throughout Kris’s ten years of experience with college, she has seen the tuition increase to shocking heights. In fact, she claims that community colleges cost as much as state colleges did when she first started her college hunt. Back then, she

The student debt is rising higher each year. When students do not have enough money to go pay for college,

The cost of college tuition can affect the student's life in a way that one would not think like in their future. College stresses students in high school because they have to worry about if their grades are up to par and do they meet the college or university requirements. But more of students stress comes in the future. Fact is proving that most of college students go back home and live with their parents because they are not financially stable to afford their own home because they are still paying off loans. A percent of 85 this year’s graduating class of this year will be forced to move back home in order to help cope with student loan debt.Only 57% of people between 25 and 44 own a home today, a 4% decrease since 1980, ("15 Surprising Side Effects of Rising College Costs"). Another way is that college graduates put off having children because of them not being financially stable online universities recently did a survey on how many college students have children the results shows that debt, largely from college, was causing 20% of young adults to delay having children,even if they wanted them. Kids can be a little expensive , and college debt may mean that many young couples that are wanting to start family have to hold off on adding to their family until they can get loan debt under control. ("15 Surprising Side Effects of Rising College Costs"). Also, it

They’ll have enough money to pay for their books, utensils, notebooks, and meal plan. As a college student, it’s already hard enough to find a local since we spend so much time with homework and studying for exams. Those that are working are complaining because it’s almost like waste of time; most of them are saying that sometime they have to work at least 40 hours a week, while attending school, just to live in an apartment or dorm. Now, as a freshman in college I have witnessed and lived a life of a college student and it’s not what it seems like; before attending college I had a misconception about college lifestyle. I thought it’ll be a life of rollercoaster, where there new things to explore in every turn, but no that wasn’t the case, matter of fact, it was the totally opposite. As a freshmen I had to find a job and though I can save some money while attending school at the same time. The money I had before school I used that to purchase few books which total out to be $500-$700. At that point, I was disappointed because I knew I had to work more hours in order to balance myself. I started working 20 hours a week as a full time student; taking 12-13 credits. After a month of paying for books and school materials, I needed to find extra money for personal spending so I worked full time instead and school was kicking my ass, but I had no choice to work as hard as I could

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

The creation of modern technology has made America’s economy a skills based economy, which requires additional training beyond what a high school education can provide. However, with tuition rates soaring, many individuals are not able to earn a higher education. The majority of the jobs that would allow an individual to achieve middle class standing requires either an associate’s degree or a bachelor’s degree. Consequently, many American’s are taking minimum wage jobs, limiting their ability to contribute more to the economy. If a higher education was available to everyone who wanted to advance their education and training, then many more Americans could achieve middle class, therefore, contributing more to our economy instead of furthering our debt by needing welfare and other government assistance programs. The president's proposal of "America's College Promise" to make community college free for responsible students would provide substantial improvement in the economic development if proper stipulations are set.

Crippling student debt is stifling the growth of the United States economy because it inhibits graduates from being able to spend money on consumer goods and home purchases. One of the biggest decisions every high school graduate has to face comes at the time of applying to college. Deciding to go, and where to, is going to have a big impact on the student life, and in most cases a big factor for this is money. As an effect of that concern student loans were developed. For many students going to college in the U.S. comes with a very important economic decision.

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

When a student goes off to college, they begin to no longer rely on their parents as much as they once have. The majority of college students choose to live on campus. They start becoming more independent. They learn to make their own food, do their homework and clean up after themselves without being told, and they start providing for themselves for the most part. They discover they have to be responsible with their money because they now have tuition to pay; and books, tuition, and other miscellaneous items to buy. They also gain a better sense of responsibility by deciding their major and choosing their career

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

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if

As I graduated high school, I thought college would just be yet another four years of high school, and I was wrong. College opens many new doors in a young man or woman’s life. There are new responsibilities and pressures that you will have to deal with, and with more freedom these responsibilities and pressures can be difficult to handle. College has changed a great deal over the years and these changes, such as more freedoms, make college a much more challenging experience. You need to start preparing for college now by making yourself more responsible and having more self-control. Although you think college is merely partying with easy classes on the side, I have experienced pressures and work loads that make the experience challenging