Financial Pressure of College Student

2923 Words Oct 17th, 2011 12 Pages
UM Tagum College
Arellano St., Tagum City

Financial Pressure of a College Student

In partial Fulfillment of
The Requirements in English 201

Joel Ben Borres
Ruel B. De Gracia
Lisette Jean P. Hingpit

Introduction

Background of the Study

Filipinos hold close several values. One of them is education. We have complete faith in formal schooling as we have the notion that to be educated is to have a better life. Education is regarded as a gateway to improving our social and economic status. Sending to college is one of the priorities of the Filipino family. However, with the economic difficulties and relatively high cost of college education in the country, many families find it difficult to send their children to college. The average
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Financial stress can also cause physical signs of tensions such as headaches or feeling sick.

College Preparation

Earning a college degree has become a necessity for students who wish to follow successful career paths in practicing most desired professions. Unfortunately, both public and private colleges require significant expenses that seem unattainable for those with financial constraints. As such, aspiring students must have sufficient knowledge on how a college education may be partially or entirely funded by any number of obtainable financial aid options. Most countries in Asia are experiencing a dramatic increase in demand for higher levels of education at a time of both severe public budget constraints and profound overhaul of education systems aimed at significantly increasing their impact and relevance. In an attempt to ease the burden on public budgets, a number of countries have introduced student loans schemes, hoping to recover costs and increase the revenue base for the expansion of education, while at the same time providing opportunities for poorer segments of the population to access higher levels of education (F. Bernal, et al). The Philippines achieved universal primary education in the second half of the 1990s, and net secondary enrolment has reached 76 per cent at present, which means a growing pressure for expansion of already
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