College Dropout Papers

While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of

After graduation, students find themselves in the daunting situation of how to pay their loans. Students accept jobs they dislike, they begin to depend on their parents, or resort to dropping out (Hart). Many student find themselves unable to continue their education so they decide either to drop out or transferred to cheaper schools, such as a community college, consequently placing themselves at a disadvantage in the careers they desire to enter. In fact, per an article written by Rachel Beckstead, “those without a college degree are twice as likely to be unemployed as those with one.” Loan debts are a steadfast threat; however, it goes beyond the present

Many college students have non-traditional situations. Some students have children or dependents that limit their available hours. This can be hard because financial aid is not given to part- time students and they may not be able to afford their classes or a caretaker. Students also may drop out because they don’t want debt in the future and can’t afford college on their own. Some students work full time or have multiple jobs to support themselves and pay for their education. This makes it hard to pass a class because they lack time to study or to do their work outside of class. For example, an article about why students drop out states that “Nearly three-quarters (71%) of students who dropped out of college said that work contributed to the decision, with more than half (54%) identifying it as a major factor” (Kantrowitz, 3). This is a significant example because it provides hard evidence that many students are dropping out or failing because

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

The U.S. is home to some of the greatest colleges and universities in the world. But with an overwhelming 1.3 million students graduating with an average student loan debt of $29,000 each and with youth unemployment elevated, the question of whether or not college tuition is worth the money arises (The Institute for College Access & Success, 2013). Higher education faces intimidating challenges: continually rising costs, access and completion problems, constant changing of technology, and responsibility pressures from state and federal officials. But no challenge is more intimidating than the fundamental question that many Americans face to ask themselves, "Is college worth the cost?" As a result of the economic turn down, many students who graduate are not finding well-paying jobs, either within their field of study or not.

Over the past twenty-five years, college costs have accumulatively risen four-hundred percent. The percent of parents who contribute to their child’s student debt has dropped from thirty-seven percent to twenty-seven percent, compared to three years ago. Due to the lack of aid, most students have to try to balance a job and school at the same time resulting in eighty-five percent of college students working at least twenty hours a week. It has also been noted that students who work twenty hours or more a week while attending classes at the same time are less likely to graduate due to the high stress environment. Sixty-two percent of college students who drop out were responsible for their own college education. Even when students drop out, thirty percent are still faced with college debt, creating a loophole impossible to recover

Colleges are noticing a drop in students’ interest in a higher education, because it forces them to fall into poverty. Obtaining a higher education is a dream of many working class citizens, but the price to go to a choice college is not available economically. The majority of students use some type of student loan, they have become the norm for attending college (Johnston, Roten 24). College is becoming unaffordable to many lower class students. With tuition prices this high, students are backing out of school and looking for jobs that only require a high school diploma. Student loans should help people, but it is only hurting them because they feel like they can never repay it. Especially since student debt continues to rise. “Student loan debt rose by 328 percent from $241 million in 2003 to $1.08 trillion in 2013, according to the Federal Reserve Bank of New York” (Johnston, Roten 25).

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

As adolescents begin their senior year, the topic of college often runs without hindrance, often causing extreme stress. As the monetary value, as well as the time spent, begins to accumulate in their minds, students often find themselves bound at the wrists figuring out a way to balance as well as afford college living. In many cases, the upcoming graduates are unsure about their career path, almost enhancing their stress in choosing a school that would cater to their needs. It is almost then they begin to ponder whether or not University/college life is for them, which is could be an extremely advantageous shot in a, for example, high achieving family. Whilst college does allow for a plethora of doors to be opened, the lack of time, effort, and money can hinder one 's ability to properly choose a university. Though school can help with the stepping stones of life, they do not entirely ensure a proper future, therefore many may opt out of school; however, with the correct actions, they may turn out extremely successful, which may not have even happened without the release of the burden of school.

Student loans have become a popular topic of discussion due to the tuition increase and individuals taking out tremendous amounts of debt. Participating in higher education systems may have hidden costs that students may not be aware of. Students seeking higher education opportunities may not understand how their college decision should correlate with their possible career of choice. Natalie Lohrenz, a chief development officer and director of counseling at Consumer Credit Counseling Service of Orange County, advises students to not “take out more in student loans than what you expect to make in your first year of work.” Students who do not consider this rule will suffer from debt in the future. Previous college graduates did not have to choose

Studies suggest that fifty percent or more of new jobs that will appear in the upcoming decades will require their employees to have a postsecondary education (America’s Promise). However, the rising price of a college education is preventing many students from achieving their goal. This only adds to the number of unemployed young adults and the number of Americans living in property. People always say if you’re tired of being poor then do something about it but it is not as simple as it used to be. In the past thirty years the cost of getting a college degree has increase by 1,120 percent (Mosbergn). Not only that, but if you do manage to get a degree after you graduate you are often left paying off student loan debt. As of 2013, the amount of student loan debt to be paid off has surpassed one trillion dollars. Another reason why many student opt out of going to college is because they believe it is a waste of time. While that may not be the case for all students a recent poll showed that forty percent of college graduates are unemployed and left struggling to pay off a student loan alone with no job

Another reason why a lot of students drop out of school is simply because they don't like it. High school, through its control over many decisions that are made for students, still seems to be restrictive. Many aspects of a student's life are pre-set and cannot be changed by the student to fit his needs. For example, a student's time schedule is set every year. Every student must go the same amount of hours every year. In most cases, school is from 8:00 a.m. to 3:00 p.m. every day, whether he or she actually needs all the time or not. Students have to spend more time in some filler classes that they think they probably did not need to take but still had

On a recent case study in 2015 the amount of students For young college graduates, the unemployment rate is currently seven point two percent and the underemployment rate is fourteen point nine percent. The cost of higher education has grown rapidly than middle family income, leaving students with no choice but to take out loans.Rathke, L. (2014). Graduating into a labor market with limited job opportunities, they may not have enough money to repay those loans. Public and private colleges can control the size of their incoming classes by improving

1. More and more students have to pay for college on their own, or with little assistance from their parents. Learning how to live on one’s own and today’s complicated financial world is stressful, and it’s no wonder that some students would rather drop out and get a job rather than continue studing.

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.