The Terribly High Cost of Education

928 Words Feb 19th, 2018 4 Pages
This puts tons of stress on graduating high school students. Students are dropping out rapidly because they do not have the appropriate funding. Other financial resources such as grandparents are helping out students more than ever now. Financial aid is supposed to provide money to students who cannot afford tuition, but unfortunately they give very little to only those who quality. When students cannot come up with their tuition money, they are forced to take out student loans. Student loan debt causes numerous problems in the future with your financial situations. Going to college is stressful enough without the need to worry about how you’re going to pay for it and what the long term financial effects are going to be of attending college. The terrifying high cost of college is causing students to drop out at a rapid rate. New York Times magazine stated that “More than 70 percent of Americans matriculate at a four-year college — the seventh-highest rate among 23 developed nations for which the O.E.C.D. compiles such statistics. But less than two-thirds end up graduating. Including community colleges, the graduation rate drops to 53 percent. Only Hungary does worse.” (Porter,“Dropping Out” The New York Times. June 25, 2013. March 27, 2014). With this happening, you have more and more people ending up without a…

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