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 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).
Many students have aspirations about attending the college of their dreams, but many people lack financial support and are not able to go because of high tuition payments, such as housing, and other college expenses. U.S. Student Loans Debt Statistics for 2017 indicate that “the cost of attending college is becoming a growing burden for a huge portion of Americans.” (Student Loan Hero). Students are left with the option of dropping and leaving school. Even after receiving some financial support, such as scholarships and grants, students have limited amount of money to pay off their expenses. At the start of their college career, students apply for the colleges they would like to go to, and many forget about the financial decision that is required to pay for college. “A 2010 study on more than 200,000 freshmen at four-year colleges, more students rated themselves as below average in emotional health than ever before. The financial stress of worrying about their college loans and whether they’ll find a job after college and the day to day stress of making decisions for themselves in all aspects of their lives.” (Allianz). Unfortunately, freshman students are the main group of college students that go through financial conflicts, leading to stress about how to pay for college. Some students choose to work their way through college. “Others decide they’d rather be making money working full time than pursuing a costly degree. Still others become discouraged at the prospect of incurring loan debt” (College View). According to Public Agenda, “Work is the top reason young adults give for not returning to college once they leave. More than a third (36 percent) of those who left school say that even if they had a grant that fully paid for tuition
Attending college after high school has become almost a necessity for finding employment in this day and age. The average university, whether it be public or private, is charging an exceedingly amount of money for enrollment, causing the student’s debt to increase.
There has been a moment in everyone’s life where they have dug too deep to jump back out and abandon the end goal. Students across the country that begin their junior year of high school are thinking about which choice of colleges they have in mind. One of the major problems that keeps a student back like solid steel chain is the tuition it cost for University admission. Students working their hardest throughout their high school career and having the ever conscious situation of financial problems stress them out. Students become discouraged when one of the main reasons for being unable to attend their dream college, is their inability to afford the yearly tuition cost of attendance. Students are then forced to face reality, in the sense that,
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’
In today’s society, it is said that having a college degree will have long term benefits. However, for some people, they wonder if college is worth it. The reason why is because of the cost of attending college. Unlike public schools, going to college is not free. Being able to attend a four-year accredited college with scholarships is almost deemed a miracle. Being able to choose which school to fit in your price range is almost heart breaking. The cost of attendance will increase based on accreditation and location. You cannot pay for college with cash money alone. With the help of financial aid, students are given money based on their parent’s income. For some low poverty students, the hopes of getting financial aid is their way to college. For others, parents set aside a trust or college fund to give to their children. Another way students pay for college is through scholarships that they earn locally, through the state, or even on a national scale. However, when the scholarships run out, a student is forced to take out student loans, and the steps after taking the money are not told until after graduation. The student debt rate is overwhelming in this country. No one wants to talk about it because it is being swept under the rug.
The rising tuition cost is a major problem for students seeking a higher education. Many students that are accepted into the first choice college do not end up going to it. Some colleges are reportedly only seeing 20% of the accepted students enroll (D’Andrea). The high tuition costs are effecting many of the students in a negative way. Although seeking scholarships and financial aid is among one the first things students are urged to do when going to college, many students don’t receive financial aid. It could be due to the family’s high economic status or even the low grades that look bad on a student. Those students who do not receive financial aid are forced to look at alternative options to pay for college. Sometimes, in the process of looking for an alternative the student could end up with a serious problem. A popular option is to take out student loans. This is a popular option since students do not have to pay back the loan until after graduation. However, in
Being able to attend and graduate college is a dream and the next step in life for many students. However, going to college and finishing school are two completely different things. There has been a decrease in students who completed college. Researchers are wondering, what is causing students to not finish schooling? There are many reasons and questions to why it could be affecting the completion of college rates. One of the main issue is the skyrocketing cost of college tuitions. Majority of students are having stress and anxiety for not being able to afford college. This result in having to take out a student loan and having to pay thousands of dollars after they graduate. The last thing students want for their future is having to work
Imagine working hard for a college education in order to have a financially secured future only to find yourself unhappy and unsuccessful. Some students are always eager to go to the last stage of their educational program and attain the highest degree. However, these are always dreams for the students like having less financial abilities as the higher education needs some money for managing the academic expenses. Some people would insist that college is the only way to success in life, but earning a higher education could be an issue that has several disadvantages. Due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. A college education has negative consequences because of the high amount of debt accumulated, difficulty finding employment after graduation, and the lack of
Students drop out of colleges because of financial issues. Although some students get financial aid, it is not enough to pay for the expenses attached to getting a college degree. Students need money to buy textbooks which are highly expensive. Most courses required assignments to be taken online in which students must purchase a pass code. They also need money to pay their bills, take transportation to schools, and buy other items for personal needs. Due to financial constraint, most students have to work in addition to attending school. Students get
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.
Finally, the most difficult challenge students face in college is a financial hardship. Many students come from various walks of life and sometimes determining one’s financial capability to offset college costs during the early stages of can be problematic. Some students come from well to do families who have a tremendous capacity to pay full tuition without external assistance. These particular students do not require financial aid or scholarships, as they can meet the institution’s financial requirement regardless of what level in college they may fall under as the source of wealth is derived from the family or families. Other students, however, come from impoverished families whom solely depend on financial aid and work full time or part time
The first cause of students dropping out of college is due to the fact that they are unable to balance their work and school together. A questionnaire was completed by 42 first- and second-year students from a single degree program at the end of Semester 2. Findings - Within this group, 83 per cent of students worked at some point during term-time of their degree program. In total 58 per cent of those students who worked did so to either cover or contribute to basic costs of living. While the majority of students felt they could balance work and study, half of all students questioned felt that working could have a negative impact on their degree classification (Working to live). Even full-time