The Effects Of Financial Stress On College Students

However, on the negative side of attending college, students may find themselves in times of constant stress due to long hours of work and study in certain studies, as well as trying to survive by paying student loans, financial aid, books, etc. and at the same time, having to pay for bills and expenses in an endless amount of work.

The anxiety and stress will then increase when students compare themselves with peers. They see that their peers are better off financially; thus, affecting self esteem or belief in success.  In this stress one can identify the acute stressor as when the student seeks financial resources on campus. These type of resources can help form a social network to be able to manage financial anxiety. The chronic stressor is if the student keeps comparing themselves to their peers based

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

Another reason why students are not successful in college is that of stress. Relationships, family issues and cost of tuition are stress-related factors that are dealt with a college student. The America Institute of the street website says, “a 2008 mental health study by the Associated Press and mtvU eight in 10 college students say they have experienced stress in their daily lives over the past three months” (Stress in College Students p. 1). The college that I

Coming from a 2013 study, published in Anxiety, Coping and Stress stated, “Those with greater financial strain perceived more stress, had more symptoms of depression, anxiety, and ill health.” There are many existing highly stressful situations that cause college students to drop out. Students that depend on themselves, with no help from their families are more likely to drop out due to financial issues. A survey conducted by Public Agenda reported by New York Times reveals that students who are receiving financial help from their families have sixty three percent graduation rate, exceeding the forty two percent of those who graduate and pay for college on their own. This proves

For example, one of the many factors that often cause stress about college is the financial portion of it. Due to the now ever falling economic state of the middle class, more and more students find that college, unless paid for in full, is completely out of the question due to their predisposing financial problems. If a student were to take out loans, this

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

For this paper, I will be providing context on how student debt is effecting college students. For most Americans, the best way to better your life is by attending college. Many American college students take out loans to be able to attend college. Unfortunately, with college tuition increasing, so does the amount of loans that is necessary to afford it. Many Americans are in debt, it is affecting the American family, and prevents college students to start their own family.

As I get closer and closer to attending college, the financial stresses of managing to pay

College is a new and exciting time in a student’s life. Students are finally able to live by their own rules, follow their passions, and discover who they are. College is the beginning of the end. An end to relying on your parents, an end to schooling, as well as an end to life as a child. Many students see college as a new world for them to explore. However, college can also cause extreme amounts of stress and depression. I know from personal experience, that the anxiety from the financial issues alone can be overwhelming. Students are required to pay for room and board, food, tuition, books and daily expenses such as gas, toothpaste, and school supplies. Though there are many programs and scholarships available for students, finances are usually very tight for three reasons.

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

It is encountered early on when people start to apply to the colleges they are interested in. Each application comes with a hefty fee. These fees tend to add up quickly for those who apply to multiple colleges. Then there are the highly inflated tuition costs. While there are numerous grants and scholarships available, only so many are eligible, and even fewer will be awarded them. Consequently, this causes the majority of college students to take out loans that take their entire lives to pay off. Most students don’t worry about their loans at first because they think they will be able to get a job in their chosen field once they graduate and pay it off. They only begin to worry once something happens to derail their plans, such as having to take a semester off or being forced to drop out. At this point, they start to panic trying to figure out how they’ll pay off their loans. Oftentimes, a student will have to get a part-time job while they’re still in school, adding to their stress and workload. In other cases, the student’s parents carry the burden of paying off the loans. If financial strains aren’t difficult enough, then one can always count on life to take an unexpected

Leaving High School, I thought I was prepared to go into college. I knew how difficult college was going to be. So i told myself I would do my homework the day it was assigned, I would go to the tutors if i needed help, and I would study more to succeed. But one thing I did not prepare myself for was, how to overcome stress and anxiety. According to an article, “Stress in College: Experts Provide Tips to Cope” by Megan Reed, “…30% of students reported that stress had negatively affected their academic performance within the past year, and over 85% had felt overwhelmed by everything they had to do at some point within the past year.”(National Health Assessment) This report really captivated me because 30%

Many college students are familiar with the concept of poverty and debt. The mounting debt a young college student faces often can cause them to feel as though they are unable to accomplish daily tasks and the goals they set forth to accomplish. The average college student is faced with paying for: tuition, books, housing, food, and bills.

Stress is unavoidable, no matter the situation, location, or time; stress is always present. Stress is found in higher levels during the duration in which students attend college. It is predictably higher among college students, freshmans in particular, because of the extreme expectations set upon them by their parents and, of course, society. The need to please their parents, longing for success in life, and being able to sustain a reasonable income in the future, all of which falls into the hands of college students who are making critical decisions which may decide the outcome for a large portion of their lives. If these students end up hating their future jobs, the stress of having to go back into college to study for a new career