Why Do Money Mistakes College Students Make Summary

College debt can stunt most students from pursuing their college dream and going to their school of choice. Students get scared of the word debt and the numbers that they would be dealing with outside of college. Students are putting aside going to their dream schools because of the fear of how much debt they will get into after college. There are many reasons why people don’t pursue college, or just from not being able to afford it. Students go back and look at not going to their dream college or college at all and regret not taking the challenge and going with what they always wanted to do. Some students experience not being in debt after college and why they think college tuition is right where it needs to be, but others will make shocking choices to not be in debt. College students are choosing not to pursue their dream college or college at all because of finances they would be dealing with after college, debt.

In recent discussions about college, a controversial issue has been the great amount of student debt owed by students. Hence, many students have opted to not go to college because they do not have the money to pay their student loan debts. In the essay“A Lifetime of Student Debt? Not Likely,” Robin Wilson argues that graduating college with student loan debts is a still better option than not attending college. On the other hand, other people contends that people should not go to college because they will end up in debt for the rest of their lives. My own view is that college is still a worthwhile investment that everyone should seek regardless of the debts they have to pay in the future. In other words, people should go to college. My

Now that we’re in college and living on our own, it is up to us to take responsibility for all of our actions and decisions. Whether it is deciding to not post — or post — something controversial on social media or deciding whether to go to class or sleep in, we’ve all made decisions.

Families are now aiming low when it comes to college- or are simply not going at all. Money could play a huge part in this decision- after all, the cost of college has skyrocketed over the years, and so has the amount of student loan debt. This is something even Leonhardt admits, stating that, because of this, only about 33 percent of young adults get a four-year college degree today, while another 10 percent receive a two-year degree (Leonhardt). And even though many colleges offer financial aid packages, that money may soon be cut and the cost of college will continue to grow. It is true that, in my personal experience, just because a student is awarded financial aid does not mean they have a golden ticket to University. This leaves many desperate students the only option of taking out as many loans as they think they can handle- often more than they should. Debt is not a new issue for America, but it is still a problem. Although David Autor, an M.I.T. economist, laments: “not sending [young adults] to college would be a disaster”, no one can ignore the rising rates of loan defaults, and some think it

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.

When going off to college many students become unaware of how much they are spending, or how much things actually cost. Budgeting for necessary day to day items is hard to do when sometimes we forget our priorities, and forget the difference between what we may want and what we need. Managing is one of the hardest things to do as a college student because, before going to college many students do not really understand or realize how much certain items are and how much we actually use; such as: groceries, soaps, laundry detergent, etc. This is why money management and budget is many times hard for college students to

In his article “Is College a Sucker Bet?” Dave Maney (2013) claims that the times for college are changing. He states that around this time of year, millions of Americans are experiencing their first college acceptances and rejections. Many parents are worried about where their kids are going to college, and how they will be able to afford it, which leads him to the question, “Is college a sucker bet?”

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,

It is often argued that rising costs and college debt are the main causes which leads to devastating loans and a long term burden for families. “College costs have been rising roughly at a rate of 7% per year for decades. Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500% (Odland).” Certainly, many students have struggled to get into a college debt-free and the numbers of costs are increasing more. Nevertheless, students would not encounter such problems if they planned effectively before college and educated themselves to be able to adapt to difficult situations. “More importantly, by engaging students in the planning process, they will be able to develop lifelong skills for success. The self-confidence they gain by actively determining their own future is something they will carry with them through high school, college and into the job market (Noodle).” In fact, college isn't the only option out there. There are alternatives such as the military which requires only test scores and everything else is paid for. In addition to that, they pay big bucks even after

When a student goes off to college, they begin to no longer rely on their parents as much as they once have. The majority of college students choose to live on campus. They start becoming more independent. They learn to make their own food, do their homework and clean up after themselves without being told, and they start providing for themselves for the most part. They discover they have to be responsible with their money because they now have tuition to pay; and books, tuition, and other miscellaneous items to buy. They also gain a better sense of responsibility by deciding their major and choosing their career

A lot of students find themselves in financial trouble. Especially, if you only work a certain amount of hours. Students have trouble maintaining finances because they have mostly lived off of parents and/or guardians since birth. For most students, college is usually the first time away from home. It can be difficult to adjust. Overall, learning to manage money can be a daunting task for anyone, but especially when you are young and just starting out.

As a child, money was never a big concern of mine. If I wanted something, I would beg Mom and Dad to get it for me. I had no bills, no deadlines, and no worries. When I arrived at college, however, the realization of the actual cost of adulthood hit me in the face. Suddenly, I had to take on the cost of food, rent, and most petrifying of all, tuition. It was overwhelming at first, but I quickly picked up on a few fantastic ways to save money and still enjoy a night out on the town.

College students usually do not understand that there should be a budget set between the things we want and the things we need. Today I will be informing you how to save money so that you are able to save money throughout your college lives. ( thesis and purpose statement)

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if

High school students are often stressed how important college is and how vital it will be for their future, but students often wonder if the thousands of dollars spent to further their education is worth it. According to the New York Times, “Student debt, meanwhile, has topped $1 trillion” (Leonhardt, 2014). Having that much in student debts, often questions individuals attend college or to join the work force right out of college. There are a lot of advantages of attending college as well as disadvantages of attending college. As an individual, you have to be the one to decide if it will be worth it or not. Some may view it is not worth all the debt in the long run, whereas some think it is worth every penny in the end. I have always had strong values when it came to education, therefore I think college is worth every penny.