National College Decision Day

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

According to the National Center for Education Statistics, an average undergraduate student in 2007-08 they got up to $12,740 for financial aid and for grants they got $7,110 (NCES). Colleges do give out a great number of financial aid and grants yet the cost of college is still crazy expensive. Some people can't afford college even with the financial aid and grants given to them. While students can take out loans they still have to pay them off with interest added in which can add up quickly. Universities make paying for college a little easier on students by giving out grants and aid, but most of the times the money they give students won't even put a dent into how much students still have to pay.

As with any college student, the idea of not having to pay for school sounds quite perfect. Average student loan debt has increased at a constant rate since 1993 and peaked for 2015 graduates at $35,000 according to the Wall Street Journal. The same report shows two other key factors. While 70% of students leave college with student debt, the need for a college degree has never been more important. Unemployment rates between people holding a bachelors degree or more sits around 2%, while people with only a high school diploma is over 5%.

Attending college won’t always be so expensive with the help of financial aid. Net tuition for colleges was recorded on average to be to be fees of about $2,000 for attending public four-year colleges, as stated by David Leonhardt. (Source D)

Colleges offer early admittance if students have already decided on which college they wish to attend. When going through early decision making, students may often make mistakes, change their school and majors more than needed. In the article, “Colleges & Early Decision,” written by M. Lee and M. Clapp, the authors introduce an early decision process, which students may access in high school. Students “felt eliminating early decisions would ease

The price of college can be extremely overwhelming to incoming students. Many students take the student loan route, as in the 2012-2013 school year, around 10 million college students took out a loan for college, meaning lots of debt. $1.3 trillion to be exact. It’s 39% higher than it was 4 years ago, and like what was said earlier, there is no sign of the price of college going down anytime soon.

Public colleges can have annual tuition prices ranging up to $16,000, while private colleges can cost around $30,000. As many families cannot manage such a tremendous price, it has become very difficult for students to go to college. Consequently, student loans debts have reached an astounding number, 44.2 million college students have student loan debt. Therefore, America has reached a total student loan debt price of $1.44 trillion. These absurd prices have caused students to take on massive quantities of

Whether a student is looking to stay in-state or move out, the cost is still very high. According to College Board, expenses, on average, to attend a 4-year university add up to around $9,000 a year for in-state residents. Triple this amount and non-residents must pay that. Private school expenses tend to add up to around $35,000 a year (College Costs). During the 1995-1996 academic years, 66% of four year students in public institutions received some form of financial aid (Losco). Although the financial aid sounds like a good plan at the time, it causes the ones who take aid to being their adulthood in a large amount of debt. Even though there are a number of scholarships and financial aid programs available, each student must qualify and meet certain requirements that are not always met.

Student debt is one of the top causes of crippling debt. If you want to get a college education in today's world, you will need to either be very wealthy or suffer the consequences of student loans. College costs had risen five hundred percent since 1985, imagine how much more that has risen until 2016. A tuition at a private college was projected to cost $130,000 on average for over four years. As state cutbacks in the wake of the financial crisis, caused the cost the price of public higher education to raise by 15 percent in a two year

Most people are left with a lot of debt after the graduate because financial aid doesn’t give out enough money and there are limited scholarship opportunities. The problem is the cost of college and this problem affects everyone who wants to go to college or is in college. College cost thousands of dollars. Tuition at a 4-year university costs around 8,000 per year.

The average cost of college is $60,000, for the average student it is $27,000. If you plan on going to college but the tuition is too much and you aren’t planning on staying for a long time and don’t really care as much for college and there is not point of going and just wasting your money. If you would rather have a blue collar job then you wouldn’t have to go to college for it. If you are planning to go and become a doctor or anything that is required to have a degree then that would be a white collar job then you should go to college.

Middle class Americans who do not qualify for a lot of financial aid and who cannot actually afford the cost of college are forced to take out student loans; these students are often ignorant about matters of long term investments, like college education, and make ill-informed decisions. The average student debt upon graduation is about $35,000 (Levin). Students applying for loans in the 2014-2015 school year will pay an interest rate of 4.66% for federal student loans whereas the current mortgage rate as of 10/8/2014 is 4.18% (Carrns) ("Current Mortgage Rates"). The projected student loan interest rate for 2017 is 6.8% (Carrns). The government made 50.6 billion dollars in profit off student loan interest last year alone (Levin). While private loans can sometimes advertise a lower interest rate, they are far more unpredictable and do not have payment plans fitted to annual income making them a greater

Student loans that help pay for college can average out to be about $33,000. As a young graduate, this excessive amount of debt can leave you stagnant and enslaved to your debtor even over the age of 60. To avoid this Maggie McGrath, a staff writer for Forbes disagrees. In the article, "Money Isn't Everything: When It's Worth Taking On $50,000 Or More In Student Debt,” the general rule of thumb dictates that you shouldn’t borrow more in loans for your undergraduate degree than what you expect to make your first year out of (para

65.7% of college students have to get student loans to pay for college, and the average student loan debt is $19,237 for a graduating senior in the United States according to the National Post Secondary Student Aid Study. This is no surprise considering that the rate of tuition increases 7% per year, and in some of the more prestigious colleges, students will have to pay well into six figures just to get their education. Even in-state rates for South Dakota, which is comparatively very cheap to practically everything else, students are still paying $40,000 for their education when one factors in dorm living and a meal plan. Most students will need to borrow some money on a student loan to get through school, but how does one know if they're

The hardest decision a student has to make during their senior year of high school is which school to attend and whether to live on campus or commute. There are both advantages and disadvantages to both scenarios. The entire college experience is a learning trip and it is oftentimes a young adults first step towards independence. Living on campus is an adjustment and is a huge eye-opener to the real world. The college dorm life is considered to be part of the "full college experience," but the costs of living in a residence hall can persuade students to remain home while they are in college in order to avoid housing fees.