For this reason, they can get a student loan to pay for help pay for some of the college tuition and books that they will need. Although this helps out tremendously at the time, in the long run it leaves the student with a huge amount of debt, which take many years to pay off. Of course for most of these students going to college pays off and provides them with great jobs that help pay off their debt, but for the ones that do not make it into those great jobs have a much more difficult time paying it all off. In fact studies have shown that a student at a public university can expect to graduate $25,000 in debt (CNBC). That is nothing compared to the student who choose to go to a private university, owing $32,000 in debt (CNBC).
Although, that’s not entirely accurate because many of these students will still end up thousands of dollars in debt, that will take years to pay off. In the College Trap by J.D. Vance he states, “One factor is that a lot of colleges are not “need-blind”: They are simply less likely to accept students who will need more financial aid.” (Vance 32). This proves that many people that need the help affording the education may not get it. This can put many students off from going to college because many counselors will say only apply to colleges that you know you can afford without scholarships because they are not guaranteed.
Many students find it reasonable to pay a large tuition and go into large debt, while others try to find ways to reduce their debt. The biggest problem with college cost is tuition. The tuition accommodates for paying for classes, and then students must pay for the necessities like living arrangements, food, clothing, etc. Along with all those cost, students have to decide whether or not they can keep a job. Students usually like jobs that can help lower their schooling costs but when their grade point averages lower, is it really worth it?
” Also, most of those students want to achieve better lives so they attend the higher education. In such situation, many intelligent and hardworking students miss out on studying in a reputed university due to lack of funds. Most college students have to rely on their part-time and are full-time jobs to pay for the educations, and also to be able to pay for all necessary books and classes that they are required to take. However, these jobs take time away from the student’s study time. If free college tuition are given, students would have more time to educate themselves instead of being tired from time consuming jobs.
Scholarships do not cover all expenses and athletes do not have time to work to pay off their growing debt. Since scholarships do not cover everything, athletes should get paid so they do not graduate with a large debt. The large debt would accumulate from every day to day expenses over the athletes four years of college. The pay would be similar to what they would get if they were working a job because they spend the majority of their time with their sport. Meaning, they would get paid as if the sport is a job.
These athletes can miss days at a time, which makes it extremely difficult to catch up, but makes those study halls very valuable. If they have to attend the study hall and more than likely get extra help, they have no time to work a job. “These athletes spend over 40 hours a week on their play, and if a student has ten hours of
Meaning, that many students have chosen this particular school because it is the closest to their family home. The cost for tuition and residence for other schools is beyond their affordability (See Figure 1). Understanding the history of many students in Ryerson, it is definitely made aware that these students heavily rely on public transportation to get to classes. However, the transportation system has many barriers that is overlooked by the school. Due to the barriers of the public transit, students are struggling in school and having difficulties in keeping up.
” (8) The American middle class is rapidly shrinking. More and more people are dependent on their own earnings in order to just be able to meet their expenses and survive. They have no family that is able to support them if they don’t make it on their own. Therefore, it is necessary for most students to get the best paying job possible. It is a wonderful attribute to be altruistic and to want to spend your life helping others.
Elizabeth Kenefick explains that “low-income students must increasingly rely on work (and loans) to meet the high costs of college . . . the jobs they take are not in their field of study, which can impair the potential for career exploration and improved employment outcomes in the future” (1). Work-study programs do not always align with a student’s career goals, but it teaches the student responsibility of simultaneously maintaining a job and an education.
In the end student loans are the reason most people drop out of college. By the end of college most students have racked up tens of thousands of dollars in student loan debt. All of which they are forced to pay back, and for someone fresh out of college that is extremely hard in most cases. In most fields it takes a few years to step into a career that is financially giving enough to pay off these loans. By that time most of the loans have expanded due to interest, and