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Financial management for college students essay
Financial management for college students essay
Financial management for college students essay
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Many college graduates are finding it hard to get jobs. The biggest issue is the amount of debt Americans are facing due to the college degree they were told they should have. Colleges have been raising the prices on everything from tuition to books. The government is giving out loans to students without even asking where they’re going to school for, or if they’ll even have a plan to pay off the debt in the future. The mentality is that corporations and business won’t hire someone unless they possess a college degree. Gerald Celente, from Trends Research Institute, says “It makes no difference to have a college degree.” (College Conspiracy Scam - youtube) He wants individuals to have minds and to think for themselves. Many believe that with a degree they can have any car and house they desire and commonly known as the American Dream. High schools build their students up to go to college. They don’t expose the students to any other paths but getting a higher education. There are no high schools anymore that teach their students how to start their own business or invent their own product. They don’t educate their students on how to use the Internet to become more educated with things without going to college. In the 1970’s a college student could afford their college tuition without student loans or getting financial assistance their parents. They were able to pay by working a part time job year round or a job over the summer on their time off. The government destroyed this by providing easy students loans to anyone who applied. There weren’t any credit requirements for taking the loans out. According to a documentary called “Conspiracy Scam” on youtube, tuition for a four-year college costs $29,293. It also states that price went ... ... middle of paper ... ... quickly discovering that maybe college isn’t the way. The American dream isn’t so dreamy. Student loan debts aren’t worth it when they could be better off without a college degree. The loans are destroying Americans hopes and ruining their lives. The government needs to remove it’s self from this and let the banks take over and compete with each other. It’s the only way to lower the tuition and costs of everything. The college degree is even losing its face value and hyperinflation is right around the corner. It’s time to wake up. College could be a good thing. Our government is too greedy to see it the way it needs to be handled an it is high time that anyone seeking a college degree look at College Degrees to determine if it really is worth the time and money and stop being indentured slaves paying on worthless degrees and a lifetime of paying on student loans.
Bruni begins by describing the golden promise of college as it appeared for baby boomers. In that time getting into college and completing a degree was enough to be successful. He acknowledges that this idealized vision of college may be inaccurate, however, he asserts that the issue is far more “complicated” than it once was. Bruni makes use of a recent (2012) debate over student loan interest rates in the U.S. to explore the issues surrounding college education today. While rising student debt is certainly part of the problem he suggests that the issue extends beyond that. College is now a “luxury item with newly uncertain returns” (Bruni). While rising costs make college a luxury item that not everyone will be able to afford, even those who can and do manage to go to college are not guaranteed success.
The experience college can give is remarkable. College is a valuable experience because individuals who attend will have a lower chance of being unemployed, will be in better health, and paying off debts will be possible! Unemployment is on the rise, always trying to be avoided. By obtaining a degree, the chance of being out of work is reduced. Baum, Ma, & Payea (2013) claim, “The 2012 unemployment rates for 25- to 34-year-olds were 9.6% for those with some college but no degree and 7.2% for those with associate degrees” (p.20).
Individuals are struggling nowadays to acquire an education higher than a high school diploma. One of the main reasons for this issue could be very well the price it is to attend college. The prices have skyrocketed throughout the years. A lot of the people who attend college have to take out a “student loan,” just so they can get by. I believe one should not need to be in serious debt before they even graduate, all because they want to go out and further their education, and become successful in their life. College is a popular topic for most and Sanford J. Ungar and Charles Murray has a unique way of explaining both their opinions.
Over the past years, getting a college degree has been the pathway to a settled career. College has been a reason for people to carry on after high school. Now that tuition has been raised, getting a degree seems to drain students with more loans and could be in debt. College has been raised to the point where people rather start working at a minimum wage than continuing with school. Working in a part-time job would be an easier choice rather than pursuing a degree.
...Graduating from college is one of the few sure fire ways to make a relatively large amount of money in your lifetime, but what is learned at college is not responsible for their graduate's success. The benefits from a college diploma come from the signal it sends to employers that you are worthy of being hired. But this signaling is collectively immensely costly. Millions of young men and women spend billions of dollars and years of their lives in unproductive and costly signaling. The current relationship between college and future wages and employment is imposing enormous deadweight losses on the United States economy. Altering long-held norms about college will be difficult, but it is vital. A slow transition to a new regime with alternative screening mechanisms for employers and colleges teaching specialized skills and knowledge would make everyone better off.
In the article “what students need to know about today’s job crisis” by Don Bertram, he informs that jobs in America are disappearing due to overseas and computer based electronics (590-591). Today, a college degree just isn’t enough according to Bertram, claiming that “chances are that unless students have prepared themselves for the jobs in marketable areas, there will no one waiting at their doorstep except the lenders who have provided them with the loans needed to earn their degree” (592). An example that supports his statement is Kelsey, someone with a degree in marketing yet unable to obtain a career in that aspect, leaving her with 120,000 in student loans and a part time gig as a barista. Bertram stresses the idea that a college degree
Whoever goes to college after high school are going to have a mountain of debts caused by student loans for the rest of the student’s life. College and universities are almost inaccessible to the people who want to achieve the dream job because of the high prices of college. In an article titled, “The Challenge of College Affordability: University of Alaska is a bargain in shaping the future” by Ashok K. Roy, it is stated that “The average student debt is approximately $26,600. Roughly $864 billion is out-standing in federal student loan debt while the remaining $150 billion is in private student loan debt”. People don’t have twenty-seven thousand dollars on hand to just pay for college out of pocket. Most people cannot even have breakfast, lunch and dinner, let alone spending money on college. Many students struggle with debt because of unemployment or under-employment. The same article stated, “The Center for the Study of Education Policy estimates that in 2012-13 the average tuition and fees at a four-year public universities was $8...
Who does not want more money? The author even asks, “What about the statistics showing that college graduates make more money?” Almost all of the highest paid jobs in the country require a college degree. For example, a surgeon is one of the highest paying jobs in America, and it requires a college degree. There are occasionally a few exceptions, 1 out of seven people who have a high school degree or less make as much as college graduates. Those are not very good odds! The recent polls say college graduates make around 17,500 dollars more annually than those who have no degree. Just think about all a person could buy with 17,500 dollars, that is enough to buy a
Going to college is expensive. The average state school will cost around $10,000 per year, and a private university can run for up to $35,000 each year in tuition. When books and living fees are added, most students can not even hope to pay for the costs by themselves and simply accrue debt via student loans. A great number of these students weigh the costs and benefits and most come out with the conclusion that attaining that college degree will pay off in the end when they get those coveted careers with the high salaries. Each and every one of America’s youth has been told time and time again to go to college, because without those four years and that little piece of paper, what hope do they have of being hired by anyone other than McDonald’s?
For most people who want to pursue and can afford higher education, and also is ready to suffer from debt; the option is always available. Whether it’s to continue on achieving a bachelor’s degree, after gaining a high school diploma, or from a master’s to a PhD; when entering the job market with these degrees, which states that these graduates are certified to work in a specific field; they’ve majored in at a university, college and technical school; the graduates are now looking to be employed at a job that will provide a good salary; this will allow them to make a living for themselves and/or family. Additionally, this new founded job will help them pay off their college debt. Everyone has their own personal meaning to what they believe,
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
College gives its graduates the greatest ability to achieve a higher paying job. Furthermore, adults who attend college earn higher wages over those who do not. As emphasized in “College Grads Find Big Degree of Debt, Difficulty; American Families Start to Wonder Whether Education Cost Is Worth It” by Patrice Hill, a staff writer for The Washington Times, employees who have a bachelors degree earn an average of 84% more than people with only a high school degree. In accordance with these numbers, the results of a study conducted by the Treasury and Education Departments in 2011 show that college graduates with full time jobs earned 64% more per week than high school graduates. A similar study conducted in 2013 showed that a full-time worker with a bachelors degree earns 79% more than one without a college degree (Hill). There are numerous studies that verify that people who attend college earn higher wages. Furthermore, college graduates earn more desirable jobs. As Justin Draeger, CEO of the National Association of Student Financial Aid Administrators, states in his article “College Is Still Worth the Expense”, the U.S. government classifies jobs in zones one through six. Lower work zones pay the least and are full of non-college graduates. The highest zones pay the most and are filled with college graduates. According to the US government, the median pay for job zone thre...
In Caroline Bird’s “College is A Waste of Time and Money”, it’s argued that there are many college students who would be better off if they were to begin working after high school graduation. Colleges and universities can no longer ensure that one will go on to get a better job, getting paid more than they would have without a higher education. However, high school seniors still stress about where they will be attending college, how they’re going to pay for it and what they’re going to study for the next four years. Bird points out how college has changed over the past few decades and how, in turn, it has set many young adults up for disappointment, if nothing else.
By attending college, students guarantees themselves a better job that the average Joe. Because the world is changing rapidly, and many jobs rely on new technology, more jobs require education beyond high school. With a college education, an individual will have more jobs from which to choose. In addition to obtaining a better job, people who go to college usually earn more money than those who do not. College furnishes you with proper credentials and documents to land high-level jobs. Figures from an A&E television program on ‘The Working Class’ show that in 2004 the average earnings were $23,895 for a high school graduate and $41,478 for individuals with a bachelor’s degree. Getting a college education is simply a stepping stone in ensuring yourself with a good start in life. Some may agree that college students are open minded and knows exactly how to expre...
Individuals in my generation that decide to go away for college may graduate with a degree but they also graduate with debt and have a hard time finding work in their area of study. College graduates are young and many may not have much experience in their field. It is a bittersweet option to go to college and further your education, I am all for it, but I am not for getting yourself in tons of debt, that will cause you to live your whole life paying off student loans and such. Which is one of the reasons why I chose to stay at home and go to community college, I’m saving money while still getting a great education. In earlier generations, people may not have felt that college was important because they needed a job to support themselves and their families. That is understandable because in the early years becoming an adult meant turning of age, 18, getting a job, moving out and starting your own family, but now turning 18 doesn’t mean you automatically are an adult and can move out and start your own life, I have friends that went to college, have a job but still are not able to move out on their own even in their