Determination
When deciding where I would continue my education after high school, multiple colleges torrented my mind. How much money do I have saved? What college is best for the career I am pursuing? Questions similar to these were mentioned periodically. I wanted the best opportunity for myself; however, I wanted to attend college debt free. My admirable father stood by my side for guidance. Although he wanted me to make decisions for myself, he delivered what he thought was best. One of the biggest factors that played a part in where I would attend college, was tuition. I chose to attend an in-state school, because the difference in tuition is thousands of dollars. For example, I used the website, bigfuture.collegeboard.org,
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I chose New York, because a friend of mine considered attending that university. Although Kansas State’s tuition and fees roughly costs $9,874 per year, the out-of-state tuition and fees for New York University costs a bewildering amount of $49,062. Paying that amount of money per year can quickly send a new freshman into debt, forcing them to take out loans. According to USA Today, about 19% of bankruptcy filers are college students. Students need to avoid debt at all costs. Although I chose a four-year university, many individuals can choose a community college to get there basic education done at a cheaper cost. The individual will just need to communicate well with their advisor to be sure that those credits transfer to the university later on. To contribute toward living a debt free life, individuals can apply for local scholarships and scholarships found within their desired major. They even have scholarships for individuals who are left handed. Nonetheless, individuals need to apply for FAFSA, despite if their financial situation is well or not. …show more content…
Many careers, such as welding, can be completed at a technical school. Society has neglected to encourage careers such as welding, because they are only a year or two of schooling require. That is a shame. Welders can make up to $56,600 dollars a year. Individuals need to attend the college that best helps them I'm the future. They should not get a degree that they will not be able to use in the real world. Also, they should avoid loans as much as they can. Every situation is different, but by paying for as much as you can, getting a job, applying for scholarships, grants, FAFSA, and attending a school that can help you get your degree for thousands of dollars less, is the best way to go. If an individual still can't pay for their college education, a reasonable amount of student loans can be taken out. The college may offer an individual $10,000, but the person only needs $2,000, the individual should only take out the $2,000, because it will help them once they graduate. The individual will not need to pay off their student loans for more than ten years; instead, with their job they can pay them off easily. With student loans paid off, individuals can live their life without those change. For example, they can buy a house, travel the world, buy a new car, the options are endless if you are debt
A hard choice many people face in today’s society is whether to attend a university or to go to a trade school. With the economy America has right now it is clear that the best way to get an actual paying job is to go to a trade school and receive a certificate, rather than a college degree. It is proven that you can be just as successful in life with a job that requires technical skill over a college degree. Sadly, the culture we live in today brainwashes people into thinking technical degrees are undesirable and that a college degree is the best and only way to go. Often when students proceed on this course of life that society told them to take they may be stuck with large student loans to pay off without the promise of finishing their degree or getting a job.
Graduating from high school is a huge achievement. Senior year is when all the important decisions had to be made, including whether to attend college or not. The next major choice I had to make as a high school student was selecting a college to attend. There are a variety of factors that finfluenced the final decision. Some of these factors included financial aid, reputation , college experience and college size. Choosing acceptance to Case Western Reserve University was a better choice compared to The Ohio State University.
When I was looking for the college that I was going to attend, I considered the prices and the pros and
“Coastal Carolina is too far away for you to come home when you have the chance.” Kaylee (my Girlfriend at the time) said to me in my first car as we talked about college choices. I told her about my acceptance to Coastal Carolina University I received from Mrs. Emmons (personal guidance counselor in high school) during a school day, early February. Kaylee’s words made me start a to question myself; “What other colleges can I choose?”. I came home and sat down with my parents in the living room with my Coastal Carolina acceptance letter in my hand and they were proud of me. I asked my parents the same question I asked myself earlier that day “What other colleges can I choose from?”. When
One statistic that Owen and Sawhill presented was “Hamilton Project research shows that 23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by age 50, the gap has grown to $46,500 (Figure 1). When we look at lifetime earnings—the sum of earnings over a career—the total premium is $570,000 for a bachelor’s degree and $170,000 for an associate’s degree. (Owen, Sawhill pg 641). Owen and Sawhill also mention that “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 and perhaps for the system as a whole, should widespread defaults occur in the future. 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 sheets” (Owen, Sawhill pg 642). Basically, what the authors are saying is college is expensive, but for some career paths, the training and education received in college is necessary to have that job and the benefits outweigh the costs. With a high paying career where a college education is necessary, paying off student loans is no problem. On the other hand, people who go after low paying careers that don’t necessarily need a college degrees,
Once a person graduates from high school they are left with a difficult decision, wither to go to college or not. Some families this is not an option, their kid will go no matter what, but many students do not want to go to school and have so much student debt by the time they finish that they will have to pay off that they decide that college is not worth it. According to Craig Smith in his article in Education Digest he says, “too many families cannot afford to send their children to college so the student is left with making the decision on wither to go to college and collect debt or just skip college altogether” (Smith 42). He has a good point. Too many students feel like they have to pay so much yet they are not really getting much out of it. Smith later on in his article states, “We must stop balancing our state and institutional budgets on the backs of students and families” (Smith 46). School should not be all about money, it should be about helping the students get the education that they need so they can make it out in the big world. If a student is so worried about how they are going to pay their school bill they are not going to be focusing on their class work and it ...
To get our dream job, to get a good job we must go to school and get a degree. Confucius once said “choose a major you love and you'll never work a day in your life.” We must leave home and deal with paying our ways, even if that means dealing with loans. Our families will go into as much debt as possible, the government tries to help for all of the students in the US who are trying to go to school and sometimes it is just not enough to cover it all so the banks must help. Loans are stressful, and hurtful, as students we must try and win as many scholarships as possible to lighten the load on our families and the stress that would come personally from trying to pay back loans out of college. Life is different now, we are growing young adults facing a new reality and dealing with new battle each turn of the corner but it is possible to get through dealing with student loans and finances once we get to do what we
Doyle states in his article, “As of this writing, the total amount of outstanding student loan debt has been estimated at $960 billion (Kantrowitz, 2011).” Right now, there is only 7.4 billion people on earth, but not all of those people are in debt. So, massive debt with not near enough people to even cover the debt on the whole planet put this issue into perspective. Many people talk about applying for scholarships but scholarships can only cover so much of the price, and even then, the scholarships aren’t guaranteed. Now what about paying off the loans? How will that take? “First, incomes vary tremendously across different choices of majors and professions. Second, the incomes of individuals starting out in the labor market vary according to the state of the labor market at that time.” There are many different factors that go into this process. As stated in the previous paragraph, those who do both work and school are more apt to pay their debt off at a quicker pace. But, how much they make and how often they paid is another contributing factor. If the average college student is making minimum wage (part time) and is going to an in
As the high school chapter is coming to a close, many students have to make a decision that will affect the rest of their lives. Hopefully, for many that decision is to enroll in a college and attain a higher education. However, as tuition costs rise, students have to take a second look at their options for a better future. A community college is that second look for many because it is the less expensive option. From 2007-2009, enrollment for community colleges has increased by 24 percent (“College costs and the CPI”). Students aren’t choosing a college for educational purposes because they are overwhelmed by financial issues. They are attending community colleges so they will be able to graduate with a lower debt. Some seniors have wanted to attend a certain university all their life and they work toward that goal through grade school; however, they are hindered by soaring tuition for that college. Students should be able to attend a private university if they mee...
It is best to find which college offers the best education and program for the degree plan the student want to go into. In the article “Searching for a Great College? Start Here.” By Diane Harris. Harris discusses how she found a college that had a very nice campus, gave her a very well education for his degree, and how she had “generous grants and a small loan” (Diane Harris, page 1.), the student loan bills were manageable. Even after she graduated her student loan bills were still as manageable even with their smaller salary. Not only should students search for a college with the best program for their degree, but also search for a college that offers the best program for the price. It is always good to find a college that has the best program for your degree, but students also have to find what can be more affordable. Students may not be able to get to the college of their dreams, but they have to do what is best. If students attend a more affordable college then they will have less student loans to pay off.
It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.
When it comes to achieving success in the working industry and accomplishing a successful career an education is important. Getting a degree is essential to be successful. The issue is the higher the education the person wants the higher the cost is. Nowadays, not everyone can afford paying out of pocket for an education, which mean that students are forced to take out large amount of student loans to achieve that degree. Student debt is an ongoing problem, students are gaining oversized debts that most of the time if not ALL are defaulting and jeopardizing future credits. How much debt it too much debt? Everyone should have the liberty to
In the article, “Is student loan debt really stopping people from buying homes?”, written by Jillian Berman, she discusses how being more cautious going into the college life will definitely benefit the student, quoting another author, “Instead students should be mindful of the cost and the amount they’re borrowing when choosing a school” (Berman). Berman goes on to quote, “[…] no, you should not skip college” (Berman). Because skipping college is a nasty idea in the twenty first century and could potentially lead to debt, it is a good idea to think of the smarter options when choosing a college to attend. Many students choose a college based off of if it sounds good or if it’s far enough away from their parents, and this most definitely leads to more cost, especially if a student decides to attend an out-of-state school and does not have the money. Choosing smarter and cheaper paths are the easier way to go when thinking of college. Not everyone, however, will decide to choose the cheaper path, so there are other things that could possibly help the financial
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 isn’t nearly as high as it used to be. Because students can no longer depend on getting a job fresh out of college, it has become harder to repay the loans. Without a steady income, these individuals have gone into debt and frequently default loans. If nothing is done to stop colleges and universities from increasing the cost of attending their school, the amount of time it takes for students to pay off their loans will become longer and longer. The extreme expenses to attend a college or university may leave a student in financial distress: which may ultimately lead to hardship in creating a living for them and affect the country’s economy.
As the end of my senior year in high school approached, I had to make an important decision. What school was I going to spend the next few years of my life at? When the financial aid packages arrived, I was torn between two colleges. After sitting down with my mother and discussing the advantages and disadvantages of both schools, I came to my final decision. It seemed like a year ago I was imagining what college life would be like and suddenly before my eyes, I would be a college student in a matter of four months.