In twenty years from now, I will hopefully have children and a wife. A family can be a large financial burden, so planning for it ahead of time could save me from struggle and grief later on. If I go to a less expensive community college and then transfer to a university for a Bachelor’s degree, I could save money compared to just going to a university for four years. With a small student debt, I should be able to focus more of the money I earn on my family’s needs. Children can incur many unexpected costs, so it is important to be prepared for them. You must expect the unexpected. I would want to give my children as many opportunities to go out and learn new things.
Twenty years from now, I will have to pay for a mortgage. I will also be paying for health insurance and car insurance. Clothing, toys, food, and school supplies would make up a significant portion of my budget. Investing and saving at this point in time is important to live comfortably in retirement. By not obtaining a large debt from college, I should be able to begin the process of saving and investing for my future and support my family at the same time.
If I was not wise with my spending during college, I could still be paying off my student debt at this point. This would cripple me and I would have to delay
…show more content…
I plan to attend a community college for my first two years, and then I will transfer to Fort Hays State University to finish off the last two years to earn a Bachelor’s degree in computer science. With this degree, I will be qualified for jobs such as network and computer administration, web design, and computer programming. By attending a community college at first, I will be able to save on the costs of college, which will help me set my future up for success. I will not be burdened by student loans 20 years from now; instead, I will be able to invest and save the money I
One major decision one must make after exiting high school is whether to go to a university or go to community college. In the article “Two Year Are Better Than Four,” written by Liz Addison. She expressed her opinion on the significance of community colleges in comparison with the university. She stated that community college do not receive the acknowledgment and appreciation that they deserve. “what’s the matter with colleges?,” (Addison 255). although, there is a lot to agree with within the article there are some faulty statements that two year colleges don’t offer the best education possible and that community college are more engaging and individualized for a student and the price is also much less expensive than a university education.
“The Benefits Of Attending Community College: A Review Of The Evidence.” Community College Review 39.1 (2011): 46. Publisher Provided Full Text Searching File. Web. 30 Sept. 2016. This article’s primary focus is on the benefit of attending a community college for two years. The information presented in this article supports that a college degree affects much more than we might think. People with only a high school degree have changes in health, criminal activity, well-being, and welfare reliance. These benefits are just as important as economic earning gains. These findings make the concept of college even more appealing to one’s
When coming to college your whole money situation changes, suddenly you're bombarded with housing costs and student loans that you have to pay back or you will spiral into debt. Your whole life changes you don't have your parents paying for your voluptuous wants and needs, you’re on your own. The move from high school understudy to college undergrad is a standout amongst the most upsetting and essential times in an adolescent's life. Not only is your day to day life going to change but your spending habits have to change. The school years are a period where a high school student leaves their support team behind,
Student loan debt makes up a large portion of the debt in this country today. Many defaulted loans are the demise of high interest rates, poor resources to students in educating them on other avenues and corruption in the governmental departments that oversee education and financing. There are many contributing factors that lead to the inability to pay off student loans which need government reform to protect the borrower’s best interests.
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...
But, once I graduate high school, my next step is to attend Tulsa Community College. There were several factors in this decision. Such as, I get to live at home still and continue to save my money. I get to attend for free since I live in Tulsa County and will perform forty hours of community service. Plus, the great thing about community colleges is that they accept anyone, whether they tried or did not try in school, students still have a way to continue their education. Community college allows for students to take the time to figure out what they want to do with their life. I am grateful I was presented with this option to attend Tulsa Community College, otherwise, I might be going to a four-year school, far away from my family, and I might be stuck in a major that I am no longer interested
Walking onto a college campus as a young freshman, I joined the throngs of young women who planned to stay in college until they married. Marriage would lead to being a blissful homemaker for the next several decades. This planned journey has included speed bumps and rough gravel, and in hindsight I see why my plan should have included finishing college. Once a woman has achieved the status of a stay-at-home mom, there are many arguments for not pursuing a college degree. The loudest argument I have heard is, “It is a waste of time and money if you aren’t going to do anything with it.” The goal of being a stay-at-home mom is ideal, but it does not eliminate the benefits, need, or value of a college
Imagine a young man who has nearly graduated from high school. His life should be full of hope and promise of a bright future, but he has no idea in which direction he desires to head. Picture a single mom who recently went through a divorce, she didn’t imagine she ever needed to worry for her financial future again. What about the students who excel in their studies of choice, but struggle with the subjects foreign to them? Community college can assist in overcoming those obstacles. The benefits of attending a community college include easier transitions, helping recent high school graduates transition to a 4-year college, and smaller class sizes.
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.
Tuition costs are continually rising and more and more high school graduate are considering other options to earn their degrees. The most effective route for earning a degree is attending community college before completing a four year degree at a university. I recently had to make this decision myself. In the state of Ohio, community college classes are all transferable to universities (within the same state). Therefore, classes offered at community colleges for a fraction of the cost are guaranteed to be considered equivalent to university courses when considered for a student 's degree. There are three main areas we can see benefits to this method, the price difference, the convenience of taking classes locally, and the long term benefits,
Everyone knows that going to college and getting a degree is the most effective and guaranteed route to ensure a prosperous financial future, right? College is considered by most to be the best investment you can make in life, but what happens when that investment leaves you drowning in thousands of dollars in debt right after graduation day. This is the situation that millions of college graduates are faced with in 2016. Rising college tuition perpetuates student debt and is on a sharp incline and it seems to have no ambition of ever slowing down. The effect of this catastrophe is felt by millions of families across the country who now question, “is college really worth it?”
Going to college and furthering someone’s future career is a very important part of life.. Making the choice of going to college or not going to college could affect someone for the rest of their life, If a student decides to go to college after high school they will be in debt for many years after they graduate college. “Over the past decade, tuition and fees have risen much faster than inflation and outpaced the cost of housing and health care” (Blumenstyk). Blumenstyk is showing how outrageous the cost of college tuition has become. Whether it is for a University or a Community college either one. Most people spend their whole lives being in debt just because of buying a house and now they will have the burden of paying off their college tuition as well. They may keep getting a bill in the mail that most of them will hate looking at, and also putting down that much money each month for their payment. While college does create the opportunity of increased pay and better jobs, it should not mean students are required to pay all the money they earn back the college. At that point people may as well not go to a
With tuition rising every year, students face the challenge paying the debt achieving a college degree comes with. “Student debt surpassed credit-card debt in June 2010 for the first time in history, rising to about $830 billion — or nearly 6 percent of the nation 's annual economic output”(Clemmitt, Marcia). Not everyone has a ton of money just laying around. Being that financial trouble is the biggest problem for students, they begin to question whether college is worth it or not. In recent years, students have taken out loans to help with expenses. Most students choose to attend a community and junior college to help minimize the debt. Even after graduating with a degree, students still face the struggle of finding a job in this economic time. For higher class families this may not be a problem to them. But for the middle class and low income families, they face tougher times being that they don 't have the financial help like higher class families do. For the middle class and low income families, it makes more sense attending a community and junior college rather than a four year university.
With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.
community colleges offer and why this route is better than higher education. While her statement that some students would never attend college if it weren’t for community colleges still holds true, she expresses that it would be better for peoples to have hope than a larger salary that would undoubtedly come with higher education. Karen Farnen compares the...