Most parents believe college is key to success in this society. Without these opportunities for these tremendous and hardworking students the chances for them going to college is slim. The student loans have been a sufficient payment to the government, but with it so high the money might stop coming to the government all together. With so many students scared of future loans the government could lose money. Even if more people accept the loans only 37% are paying on their loans today ("How Student Loans Could Cripple the U.S. Economy").
Another reason why students are dropping out of college today is because of the tremendous increase in tuition. Tuition is becoming unaffordable to many students because of the economy and budget cuts, students have to rely on an outside income. Although the boards and government are trying to fix this problem, if the economy doesn’t get better the tuition will continue to rise. The students shouldn’t suffer because of other political issues. In this generation college is very important and finding a career is competitive, therefore education and obtaining a degree is very helpful.
Another cause of this is the inability of students to pay off their loans. Nearly two-thirds of college freshmen feel concerned about how to pay for college and almost the same amount graduate with debt (Marill and O’Leary 64-66, 93). Since high tuition and loans drastically affect a person, many students feel forced to take this into consideration when making plans for their future. Many plans and dreams that high school students have become altered when reality hits them about the cost of continuing their education. Therefore, students just cannot afford higher education.
Also, the writer stated, “That the costs of tuition fees continue to increase, and scholarships or grants are not always readily available” (2). Hence, students quit college due to more credit card debts coupled with education aids than academic failures. For example, in a research study conducted in 2009 among 600 young students, 37 percent received no financial support or grants that caused them to leave school because they have incurred unpaid... ... middle of paper ... ... immediately identify the indicators in order to assist him or her without pressure. Works Cited Azzam, Amy M. "Why Students Drop Out." Educational Leadership 64.7 (2007): 91-93.
Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these students that are victimized by skyrocketing tuitions from dropping out, and encourage all incoming high school seniors to continue their education. The reality is that the rise in college tuition is no longer affordable for the average American household. Parents cannot afford to pay for their children’s tuitions on their incomes and students are very often forced to enroll part time in order to have the time to get a job to pay for college. This very often causes a decrease in these students GPA and consequently increases the number of dropouts in the long run.
On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for
Reports show that college tuition has rose 439 percent between 1982 and 2007 (Student Loans). However, with the rise in tuition, comes the rise in student loans. Government loans are offered to students who otherwise would not be able to go to college, with the agreement that students will pay back the loans with interest. Therefore, the government spends $34- $45 billion on student loans (Belkin). However, due to the 18.5% unemployment rate in 2009, the US Department of Education concluded that 46.3% of loans go into default (Student Loans).
Based on research, some students are intimidated by the amount of money they will eventually have to pay back. Studies also show that college graduates are moving back in with their parents because the jobs they can get do not pay enough for them to pay to live and pay off their loans (Reed, Curtis “students in financial crisis.” 8. 27 February 2008). However, congress passed a law on August 2, 2011 that raised the ceiling on the amount a student can borrow. In an attempt to help more people afford college.
In our educational system today many students tend to drop out early due to the fact of lack of motivation or they can’t be in school anymore. Charles Murray, author of “Are Too Many People Going to College?” states the importance of the educational system in America. He has different viewpoints on whether certain people should attend college or not. The lack of interest in school and learning is playing a major effect on the student’s decisions to attend class. However, many students just attend college for a semester to prove to other people that they can survive college for a small amount of time.
The problem here is that wasting money to go to a college that will not guarantee you a career does not seem like the best idea. In fact, recent graduates are working with people that have never even attended college, which shows just how many jobs today require little or no school education. As far as debt goes, Rachel Dwyer states it all. Rachel Dwyer’s “Debt and Graduation from American Universities” describes how college students are facing high levels of debt as they attempt to acquire their money and ameliorate their career options. This shows how college students become overwhelmed with the thought of having to pay back all of the money accumulated over the year, so instead, the student’s new plan involves dropping out.