Should Parents Have To Pay For College Essay

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

Earning an education could cost you for your entire life, especially if you do not apply for the various types of financial aid. After earning their degree, several students do not earn enough money with the field they have chosen to pay off their debt, making the degree seem pointless. Families that pay for their children’s tuition often wonder, like Linda Lee, if their child is getting what they pay for. Parents pay for the tuition because they do not want their children to miss out on the “college experience.” However, when their child fails to make the right decisions or simply acts their age, it leaves the family wondering if they have made a

Going to college may get students an education, but may cause their parents or legal guardians to lose everything they have worked for in the process. While trying to stay up to date with their student loans, they may fall behind on all their other bills. You may even lose your home because “you cannot make your mortgage payments for fear of missing a student loan payment or two” (Beauchamp and Cooper 539). They apply so much pressure on how it is important to pay off your loans that “you struggle to make your car

If the parents of college students are paying for the students education they have a right to know what goes on academically and socially in their college life. Just like Willins said “Why should parents, who are financially supporting their children’s continuing studies, be tossed into the same category as perfect strangers?” These parents should not be ignored because they are a huge piece to a puzzle. If a certain parent does give money to help their child in college they have every right to be involved. They are willingly paying for their adult child’s

When I was a freshman in high school, my parents sat me down in the living room and told me that if I wanted to go to college, I’d have to pay for it myself. Our financial difficulties were large enough to merit the statement. My step-dad was hardly able to work anymore because of health problems from a career in manufacturing. My mom also suffered in the over-saturated market for dental hygienists in Mesa—she was recently fired from a corporate office for refusing to sell unnecessary treatments to patients, and could only find a job in an office run by an abusive dentist who screamed at his employees and who even threw a computer at an assistant at one point. My mom needed to leave the office, but nobody knew if she would find work anywhere

Parents shouldn’t have to suffer the financial problems just because their kid didn’t take high school seriously. 70 percent is just considered average. When colleges look through applications, they try to find the person who has the best grades. Also, parents don’t want to see their kids fail. Parents pride themselves being good teachers, and like to be able to share their child's accomplishments

According to MyBudget360, college tuition has skyrocketed over four hundred percent since 1984. Now, the average tuition rate for private universities in America is over $31,000 and over $9,000 for public universities. Not only that, but thirty-seven million Americans have outstanding student debt and thirty-seven percent of college students look for a job requiring no higher than a high school diploma AFTER they graduate. Tuition has tripled, graduates have outstanding student debt, and in addition to that, graduates look for menial jobs where even a high school diploma is not necessary. College expenses definitely adversely affect students and graduates in the long run.

“In a recent poll, up to 15 percent of parents don’t plan to contribute anything to their child’s education. And much more, some 27 percent, believe that students should cover most of the cost on their own.” This quote was from Molly Pennington, Rita Kirshstein, Carrie Hagen, Dawn Papandrea, Vielka Cecilia Hoy, and Kevin Brosnan’s article Paying for College When Your Parents Can’t or Won’t in 2015. There should be an option for these kids whose parents aren’t participating in the college expense so I interviewed Alexis Hurt, a financial assistance counselor at Northwest Missouri State University in Maryville, MO, on October 18, 2016, at 3:30 pm.

In less than a decade the loan debt has increased tremendously by 56% and there will be a greater increase as the years go by. According to The Institute for College Access & Success they found out that at least 70% of students graduate with a loan debt of at least $28,000. The average median income household earns $56,000 in a yearly salary, however, a low income family of four only makes $24,000 a year. According to the college board it cost $17,000 a year which covers tuition, fees, room. For many students that is almost impossible to pay because they have other expenses to pay besides school.

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

Society has put so much emphasis on attending college after high school, making it a social norm. During the last two years of high school guidance consolers, teachers, parents and their children begin meeting and have discussions on whats next after high school. Many parents such as the ones in the study conducted by Holmstrom, Lynda Lytle plan to send their children to college after high school. One parent stated “ what kind of economic future do they have if they are not educated.” Participating parents were from different socioeconomic backgrounds, and those who’ve attending college and some that did not were in agreement that the benefits were everlasting. When asked what they received from attending college parents gave responses such as “ I was well served, it was a tremendously exciting place, along with gaining new prospective on the world, boosting self confidences and broadening and opening their minds. Other parents expressed the ability to obtain a job they were about to provide for their families along with gaining personal benefits like health care. The parents in this study were faced with the truths of having to pay for their children’s higher education and overall they were willing to go the extra mile so their children were able to go to college and not be struggling to make ends meet in the years

An essay on Issues and Controversies states, "the college degree remains the most important credential associated with the American ideal of upward mobility" ("Value of a College Degree"). This has become the central focus of people wanting a career and a future, but when going to attend college, the price is so high, that the only option for those wanting their education is taking out student loans. Student loans should be there to help students who cannot pay for their entire education, not hurt them. According to Christine Armario, four- year university prices have increased 15% between 2008- 2010 ( "Average Cost of Four- Year University up 15%"). This means that students are going to be paying more for an average college education that is necessary to get a job in the field that interests that student. Student loans seem to be the only option for students who want and need a college level education to begin or further their careers, so why are student loans so hard to pay

Jamie, you made a good point on why minors under 21 should be responsible for their college fees. If people over 18 are trusted in the ability to vote they should be able to pay for their tuition. Individuals over 18 are old enough to make their own decisions and should know that those decisions come with a price or an effect. If an individual is over 18 and decides to go to college, they should know that it is going to cost money and should have a plan in order to be able to pay. Minors, over 18 but under 21, are able to take out student loans or look for financial assistance. Like you stated, students have to be willing to apply for financial aid or student loans and not expect others to just hand them money to pay for

Many people are not able to afford college tuition these days, this is causing them to grow up without a high level of education, which means they grow up and are unable to get a good steady job to provide for their family. While some people may not be going to college for a different reason, many are just unable to afford, which puts them in a bad spot for when they grow up and have to support their family. They will not be able to provide the money their family needs to survive, so they go to their next option, which would be their parents. So, if a parent can afford college when they grow up, but the kids can not then the kids will mostly likely come to their parents for money. And the question is will the parents have that type of money to just give to their kid?

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