The Role Of Financial Aid In Education

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

Every day in the United States thousands of juniors and seniors are applying to colleges all over the country. However, roughly 80% of Americans cannot afford the cost of attending college. Families and their children are paying over-priced college bills years after finishing school, even after scholarships, grants and aid. A college education has become necessary to acquire a decent paying job, yet prices are outrageously high. I will be attending college in two years, but the financial burden that is going to be put on myself and my parents overtime, is a major concern of mine.

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’

To begin, the first issue explores how the present price tag of college has increasingly become more expensive and continues to rise every year. Many students are attending colleges that they are unable to afford out of pocket. The result of this is students turning to alternative means to pay for college, which is primarily accepting large amounts of loans from organizations such as FASA (Free Application for Federal Student Aid). Therefore, many students accumulate large amounts of debt throughout their time in school due to lack of proper preparation and research of the type of loans they are receiving. Despite the high level of educational debt that looms over our nation today, a large majority of students still choose pursue their educational goals in obtaining a degree.

All over the United States, young adults are planning their future and preparing themselves for college. College is the next level education that the majority of the high school population thrive for. Yet two things are always a factor in the decisions made, which is cost and debt. These two things have become two of the most common reasons many students either drop out, or don’t attend a public university at all. According to Imagine America Foundation, the cost of college and the debt it can leave behind are two of the top 5 reasons people don’t go to college. With that being said, these two factors have become a problem to students as well their families. These problems need to be fixed for the community and by the community. The will have to work together

Attending college opens many doors and provides many opportunities, however, it comes at a cost—a cost that poses the biggest challenge facing students today. The expense of tuition, room and board, and the cost of required textbooks and supplies are exorbitantly high for many individuals. Working while going to school is an option to minimize debt, however, earning potential can be limited due to class schedules and the time required for studying. Fortunately, a plethora of scholarship opportunities in which students can take advantage are available to alleviate some of the costs associated with attending college. Additionally, steps such as offering a variety of meal plans and housing options as well as encouraging students to utilize

            Many high school students are beginning their senior year and have already started to stress about how they will pay for their higher education. Although many students will have scholarships and financial aid, a lot more will struggle to pay for schooling and will have to take

The rising cost of attending college is causing students to seek larger student loans and exhaust their credit cards. This is reflected with a shift in loans of 56% now surpassing the 40% of federal and state grants issued to college students. This makes it clear that students and parents are getting more loans to finance higher education. To further exacerbate the situation, many students are charging school

As the annual costs of college have soared, the issues of student aid for enrollment will remain high on the federal government agenda. The concerns dealing with these issues occur because colleges are focusing on the wrong matters. The problem is not the financial aid, but the cost of tuition. Lately, the need-based aid is becoming more prevalent again in some smaller colleges due to a weak economy. There should be a balance on the essential and merit based aid. The increasing difficulty of paying for college and the significance of loaning is bringing new consideration of the rising financial-aid issues.

Tuition rates have been rising exponentially since “World War II and the GI Bill…” which allowed for, “…an explosive increase in the number and proportion of Americans who go to college” (Nathan 148). This change, though largely due to inflation, has been rising past what families can afford to pay, and has led to difficulties for students exiting high school. These difficulties have been seen by campuses, and many already have a plan to help these students pay for the rocketing tuition prices.

Numerous students are confronted with the awareness that their college tuition is more than what they can afford. While government grants, scholarships, and loans are available, few understudies are still left with an excessive amount of debt to pay off. For some students the only way to pay for college is paying out of pocket. This could be on account of their parents or guardians losing their jobs, their grades aren’t high enough to receive scholarships, or they're all alone. College students also have personal expenses to pay off; may feel overwhelmed. For example the stress of paying bills, buying books, buying food, and other personal expenses can be challenging for an undergraduate to handle. Not to mention the amount of their tuition and the amount of their students loans. On top of tuition fees and loans, there are also other expenses required for school such as reliable

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans.

Financial aid is meant to help college students afford college. The main goal of it is to help students make more choices on where to attend, have more access, and have a better chance of completing their degree. The forms of financial aid that more well-known are grants, scholarships, and loans. These types aid can be either merit or need based. As time has passed, financial assistance has grown and evolved. There are now new programs that assist college students, and in this paper, three of them will be discussed.

Currently I, Jess Grey, am unable to receive financial aid, of which determines my current enrollment status. During my previous semesters, which include until summer 2013 to fall of 2014 great duress was experienced due to personal and family related events. Events which include homelessness, lack of financial funding, and overall stress on my mental health. Instead of taking the appropriate routes, and taking a hiatus from my educational path, I repeatedly attempted to no prevail.

Research has shown that financial aid acquisition is one of the areas that is persistently misunderstood by students and their families. This misunderstanding has misappropriated thousands of dollars in financial aid to numerous students annually. Students no longer pay attention to their tuition bills or scholarship allocations. They often assume that loans are the only resources to pay for higher education. As the educational costs increase, students often decided to drop-out due to high loan debt and the inability to pay back this debt after graduation. A comprehensive institutional environment is no longer adequate to preserve a small attrition rate. Students that started with a sense excitement and enthusiasm, are falling through the cracks