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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.

“Over 40 percent of respondents said they didn’t feel prepared to manage their finances” (Campbell). This means that 4 out of every 10 college student aren't prepared to manage finances. “12 percent of college students say that have never checked their bank accounts because they are scared to see what is in them” (Campbell). Knowing this we know that there at least 12 players on a college football team who think their bank account is empty. “ Meanwhile 21 percent admitted to spend as normal, even when there bank accounts were nearly emptied out” (Campbell).

Throughout every generation the majority of students, who want to acquire a better paying job in the world, all apply to a college of their dreams. The whole of these students know what to expect from college; education, social connections, fundamental understanding of their respective field, as well as the benefit/hope that they will receive their dream job soon after. However, these students also expect to amass an amount of debt once they graduate as this is a common fear amongst college graduates. In spite of such hindrance in their pursuit of a job, the experience from which they accumulated throughout their college life later benefits them in diverse amount of ways.

Credit cards are one of the many factors that contribute to student debt. A larger proportion of college students rely on credit cards for paying direct academic expenses. ''This includes textbooks, school supplies, and tuition" (Min Zhan 134). Credit cards appear to be a great investment in college, but they are also problematic. Credit cards are related to higher levels of student drop outs from college. Student indebtedness are necessary given the rapid increase needed to meet the financial needs of higher education.

College today is so expensive that most people that are fortunate enough to attend, end up having to take out student loans at one point during their collegiate careers to help pay for their tuition and other fees associated with college. If people do not manage their student loans right, the debt can pile up and put you in very shaky financial state, and have major impacts on ones life as well as others too. There are ways that you can manage your student loans, and pay them off in an effective and timely manner such as: paying of the most expensive loan s first, picking the right payment options, staying in touch with your lenders, and paying more than the required

When starting college every student makes a very important decision. Whether if they want to get financial aid or to pay the money up front. Having college debt will not only ruin their credit, but he or she may also have to pay off their tuition for the rest of their life. Research says, “According to the College Board, which tracks students’ financing of higher education, undergraduate students in 2013 through 2014 borrowed in the aggregate nearly $63 billion and received $33.7 billion in Pell grants.” By this quote from “Debt, Merit, and Equity in Higher Education Access” it clearly shows the effects College Debt has on their society but, also on their future. Every paycheck they receive, a small portion goes toward paying their college the same college they finished years ago. It’s not worth paying at least one hundred fifty dollars every check when it could have been paid all together. However, many may not have the same opportunities as others.

The other problem with student debt is a lack of financial education. The first major financial decision many students are making is with their college loans. It’s a major decision and often times there’s been little financial education that’s been taught. The Wells

In “Strapped,” author Tamara Draut explains why today’s young adults have trouble getting financially ahead. Along with student- loan debt, today’s college graduates also leave with a higher risk of credit card debt than previous generations. Draut argues that college campuses aren’t regulating the card companies on campuses, therefore not protecting their students. She reasons that a problem on college campuses across the nation, credit card debt, has spun out of control by credit card pushers leading students into debt and feeling financially held back.

The author gave good examples and different point of views on dealing with financial expensive and the challenges that come when being a college student. Reading and understand the

College is a heavy financial burden. That is why understanding money saving at a young age can help you in the end. Many look past the point of having to pay for college and go ahead at it blindly. Most who do this will end up signing the papers for student loans just so they can pay for college. Signing up for student loans can lead to many bad situations some of which include debt and dropping out of college. This is why it is crucial to try and stay away from student loans and pay cash for college.

In this article, “A Lifetime of Student Debt,” Robin Wilson interprets the different views on taking out loans for college students. The recent worry has been that taking out student loans are “threatening the financial future of today’s college students” (Wilson 256). However, recent studies has shown that one-third of college students will have no debt after their academic experience. College student nowadays are willing to take any means necessary to attend their “dream college, no matter the cost”(257). Mark Kantrowitz touches up on this idea remarking that these students will do whatever they need to go to their dream college. Comparatively,

However, the accomplishment of attaining a college degree has become much more complicated because of many causes, one being student debt and the cost of tuition. Stephanie Owen and Isabell Sawhill states, “With tuitions rising faster than family incomes, the typical college student is now more dependent than in the past on loans, creating serious risks for the individual student…” “Federal student loans now total close to $1 trillion, larger than credit card debt or auto loans and second only to mortgage debt on household balance sheet” (212). The essence of Owen and Sawhill’s argument is that its impossible to attain a college degree without a student debt causing students to look towards a different direction or path from higher education. I agree that student debt can scare students away from furthering their education because the debt may stay alongside of you your whole lives. It is why students are not wanting to take a big risk that may create problems in their

Many college students face this same struggle of deciding the rest of their future right out of high school. Unfortunately, freshman college students are under educated about their finances and tend to over borrow when they come to college. Student loan debt is a major problem in America that could easily be fixed by educating students before they are allowed to borrow large sums of money.

The United States has developed a set of economic circumstance in which it has not seen in quite some time; with regard to some factors it has never seen such circumstances. For example, student and credit card debt has reached unprecedented heights. This is also coupled with a slow jobs market as well as a lack or inability to save or invest for retirement. In this environment, the younger generations face an incredible hardship if their finances are not planned accordingly. Therefore, the prudent student will likely be far ahead of his peers financially. Whereas the value of a higher education was once clear, in today's environment

Although the reliance on student loans continues to increase for college students across the nation, the vast majority of American teenagers are not required to attend and complete a Financial Literacy course before graduating high school. According to Jillian Berman, only five states scored an A on the 2015 Report Card on State Efforts to Improve Financial Literacy in High Schools, and those same five states are the only states in the country that require students to take a dedicated semester of personal finance courses before graduating (Marketwatch.com). There is an obvious problem with the state efforts to properly educate finances when 14 out of 50 states rank in at a failing grade. Money is an essential asset to life on Earth, and proper education on financial management is vital for the basic requirements to sustain life. Education on how to manage money in order to afford food, shelter, clothing should be the main priority of the Financial Literacy courses. More in-depth are topics