Overcoming Reality Of Financial Aid

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.

It was normal day like any another when I received my financial aid package from college. I remember the excitement that came with being one step further on the path to my life. And just as clearly, I can remember the sinking feeling I got in my stomach when I looked at my financial aid package. This was the first time in my life I had thought I might not go to college. After thought about education, experience, and money, I came to that college is worth the debt that may be incurred.

The increased costs of tuition and fees are making it more difficult for individuals to attend college, and they are being forced to drop out, having a major impact on graduation rates. Data stated that was stated in FACT SHEET on the President’s Plan to Make College More Affordable: A , Better Bargain for the Middle Class (2015), “The average tuition at a public four-year college has increased by more than 250 percent over the past three decades, while incomes for typical families grew by only 16 percent” (“Fact Sheet”, 2015). This is causing major stress and becoming a burden on the finances of the student and their families. In order to attend college, a large percentage of students will have borrow money because of

The problem, of course, is that the cost of college tuition has skyrocketed. Students and their families are getting buried deeper and deeper in debt trying to pay for college. Public universities, once havens of affordable, quality college education, have been hit the hardest. Almost every state in America has cut, and/or is cutting funding for higher education (Ortiz 1). It’s a problem that has quickly become a national crisis. The cost of college is very high compared to how the economy has been and how wages and financial aid have not risen with the cost of tuition. This makes it harder for students to graduate and brings a lot of stress to their lives. Without the funding that is needed many students drop out or take a longer time finishing

The US government provides over 150 billion dollars each year to the students’ financial aid. Financial-Aid is one of the most reliable sources for low income students. More than half of College and University students take financial aid for the first bachelors’

If one applies for financial aid than that is wonderful because its free money, but one would have to qualify and one of the qualifications is low income. For those people who are not low income but still aren’t in a state in which they have wealth turn to loans. People apply for loans to help pay for their tuition, books, dorm, etc. and end up having to pay $30,000.00 in student loans after they graduate from college. If the tuition proceeds to increase than people will continue to borrow more and more money in which they’ll be paying off for the rest of their life. People are going into debt because their monthly student loan payment is too much and they are not making enough to pay it off. LA Times did an article which featured a man who have a wife and two children and owe $158,000.00 in student loans. The Man doesn’t have a nice enough job to pay off his loans and provide for his family. In the same article LA Times claimed that the amount of student loans expanded 76% or rather 1.2 trillion since 2009. According to the institute for college access and success site there was a two present growth rate from 2012 to 2013 from the graduates who were in debt after going to public and nonprofit colleges. Also 7 out 10 graduates from public and nonprofit colleges in 2013 ended up being in debt because of student loans. According to the presented site above New Hampshire’s average debt is $32,795 and state wide ranks #1 with a portion debt of 76%. If the

Students pay for college through: saving for years if no their whole life for college, taking out student loans and receiving scholar ships. Student loans are a very common way to pay for college, “student loans are, by far, the most dominant type of financial aid” (Redd, 2016). It is estimated that in one year ten million college students took out student loans. That is a lot of students needing financial help paying for college. The student loan debt in 2015 was 1.3 trillion dollars. College is now a necessity for high paying jobs in the modern world. When so many students are coming out of college with so much debt it is hard for them to get on their feet “average monthly student loan payment (for borrower aged 20 to 30 years): $351” (A Look at the Socking Student Loan Debt Statistics for 2016, 2016). That adds up to 4,212 dollars a year. These graduated students are working at entry level jobs and just starting to live on their own and having to pay 4,212 dollars a year of debt from college. That can be really hard knowing they also have to have their own housing, appliances, and

In addition, the mounting student debt of enrolled students is too much for underclass families to put their children through college because without the means to receive financial aid they have no

Everyone wants to go to college, but the cost of most colleges can be really high. The cost of a college can be from $9,000 to about $30,000. Sometimes the cost is even higher. That price is just for one year of college. Some students will be in a huge amount of debt by the time they finish four years of college.The first problem is that students may not go to college because of the cost. The second problem is that different types of colleges can have a higher cost. There are some solutions for this problem. A couple solutions would be lowering the cost of college or making college free.

Today, the cost of attending colleges or universities is so high that most students can't afford to. A lot fewer students from lower income families attend college than students from higher income families. This leaves more people from lower income families uneducated which can lead to no job or a low paying one. In 2015 alone the amount of student loan debt was estimated to be about $1.3 trillion. This is about 39% higher than it was just four years before. Student loans are the most dominant type of financial aid and a lot of students rely on it to help them pay for college. In

As more and more high school students realize this, the increased demand and need for college is going to go up. According to the Lumina Foundation for Education, colleges are realizing students and families are willing to go into debt as to increase their post-secondary education income (Dickeson). What about the others who cannot afford to go this route? Individual states play a major roll in the cost of higher education. If anyone has been watching the news lately, they most likely have seen states facing budget problems and shortfalls. With this being said, it now means most of the problem has been shifted onto the shoulders of the parents and aspiring students. Justification for these outrageous costs is being demanded not only by parents, but also by state and federal officials. According to the College Board, “In the past five years, the average cost of in-state tuition and fees at public colleges has jumped 35% -- after adjustment for inflation. . . . In the past 25 years, the average cost of tuition and fees has risen faster than personal income, consumer prices and even health insurance” (Block 1). Tuition prices pose a serious problem, especially for families whose income cannot keep up.

Another way to view financial aid through a sociological perspective is by looking at Conflict theory. Conflict Theory says that there is inequality because there is tension between those in power and those at the bottom of the rung. Those in power protect what they have and are considered self-serving. This theory shows a very negative focus compared to

Though many students do not pay the full amount finding grants, scholarships and electing to live off campus it is still very costly. College loans are becoming the go-to option nowadays which was not the case before 1970. Starting after World War Two college became affordable for the poor and middle class due to grants and many returning soldiers use of the new GI Bill. The loans became the go to as much of public investment for higher education dropped in the 1970’s and thereafter many graduates later on in life complain about still paying college loans. Initial many would find a job after graduation, but recently that has not been the case, as even a degree does not guarantee a

My day is going good. Thank you for asking. I am hoping that I can explain your financial aid to you in a way that will make sense. Each term you attend your financial aid will pay out around $1,898. Your financial aid will only pay out when you attend. The large amount you see that was awarded to you is the big number you get overall. If you are looking to receive larger refunds. One or two things need to happen. You can find the books on your own and your refunds will be a little larger. You could also look into attending a Community College. Not sure if you received this information before, we are a Private University and online so the tuition cost is higher to attend an online University. Tuition rates at local Communitiy Colleges are less

Going to school and trying to afford it can be a financially draining experience, and I know that from experience. Our government has made many relevant changes thus far to better support students, but much more can still be done. With rising tuition costs and not enough government aid, more and more students are forced to take out loans in order to pay for continuing education. These loans later become a huge financial burden, some totaling near $30,000. If the dream of a college education is dependent upon access and affordability, how are young people supposed to continue their education and plan a future, when the cost of tuition is through the roof? Because higher education supports our economy, the government should be expected