At this level, the analysis will be very small and precise because it deals with the most basic form of interaction, between each other or small groups. When studying the issue of students dropping out of college at a single or small scale, there are many problems that could affect why one person would not be able to make it at a college or university. One example is a family cannot manage to maintain a student in college because they are needed in the home. A specific example would be if a parent passed away, and there is a new lack of stability for the family. A student might have to drop out and get a job to provide for younger siblings or a parent.
Somewhere along the way Americans began supporting the idea that all students should go to College. Students get the idea by the time they are in middle school that they need College to be successful. There are so many loopholes around college as well as evidence showing that having a degree doesn’t mean person A makes more money than person B. College isn’t for everybody, and people can go get their 3 year degree only to find out that the whole experience wasn’t worth anything to them and now they have all their student debt to deal with. College, unfortunately, is very expensive; However, in America we have many options for students to pay for their education, almost all ways of paying tuition put students in debt.
According to a study by Ross, Neibling and Heckert (1999), housing arrangements and changes in lifestyle contribute to stress experienced by college students. When students transition from high school to college, they are expected to be more independent and it is not uncommon for them to live on their own. This leads to significant alterations in their daily routine, as they have to handle chores, transportation and food all by themselves. Having to undertake such heavy newfound responsibilities, college students will feel suffocated and stressed. In turn, these students may resort to drastic measures such as dropping out of school, wishing to distance themselves from the source of stress – the environment (Falk, 1975; Hirsch & Keniston, 1970).
Drowning in Debt: What are the Consequences of Student Loan Debt in the U.S.? Student loan debt has a big impact on students decisions, student debt influences a lot on how they spend their money. American Student Assistance (ASA) recently made a survey, with this survey they found out that the Students with loan debt are postponing important decisions in their lives. Many of the students that participated in the survey are waiting to buy a home, get married, have children, save for retirement, and some of them haven’t been able to enter the career field that they wanted all because of their debt. Student loans were created to help out students who want to go to college by giving them money that has to be paid back.
When they go to start the path of finding a career, they find instead piles of debt from their education. So many student borrowers are falling further and further behind in their payments, postponing purchases of cars and places to live, or putting their social lives on a shelve. Jason Delisle, who wrote the New America paper, “blames skyrocketing graduate school debt on changes to federal loan programs that essentially allow grad students unlimited borrowing. The more students can borrow, the more schools can charge.” Americans almost universally believe that a college degree is the key to success and getting ahead—and the data shows that, generally speaking, college graduates still fare far better financially than those with just a high school diploma. But for those who are saddled
Although debt is a bad thing, it is not unavoidable for everyone. People will fall into debt because not everyone has a solid financial backing. More than seventy-one percent of students graduating from a four year college are graduating with debt (A Look at...) . Setting a cap would cutthat percent far down so the students would have a chance to break even with the income they receive after college. Because there is no student loan debt cap, colleges take advantage of this or they set the cap very high so the students will keep having to pay the college for years.
There are also some reasons why going to college may not be a good plan after high school. Some students might not have prepared well enough to go to college while they were in high school (www.blog.prepscholar.com). They may have scored low on the ACT which will lead to college costing too much. Some people wait too long to try to get financial aid and then have to come out of pocket to pay for it. If you do have to borrow money for college, the debt lasts a very long time.
As school started, I struggled to find a balance between focusing on school while making enough money to afford rent, food, hydro, etc. I attempted to access a student loan from the government to help pay for school and provide some cost of living. However, because I was under 21 years of age, the loan officer insisted on factoring my mother’s finances into their consideration. It did not matter to them that I would not have her support. My loan application was rejected.
Many no longer go to college, not because they don’t want to but, because they can’t afford to. A countless number of people in the United States would like to provide the future generations with free college. People are starting to realize that students do not pursue secondary education because they are to overwhelmed with trying to figure out how they are going to pay for it. The public recognizes that high school student end their education with a high school diploma because they see how much debt college students rack up. With this knowledge it has lead to proposals for free college.
If one is suffering I should be able to help them even if it means putting my own needs aside. For instance, there was a time that one of my parents was unemployed. So, at the time money was tight and only one parent was working. I was in college at the time and working. So, to alleviate the financial strain, I took out loans for my education and tried to pay for most of my expenses myself.
Without these numerous factors that vary vastly among different colleges and universities one simply may not assume every student that finances a loan goes into long term debt. College admission may be a hard decision when it comes down to price. Many other students fail to attend their dream school due to the financial struggle. Ultimately there are students that pay the full price for admission no matter what the cost just to attend their dream school. To many students college is worth the price for admission.
However, many don’t want to drop out from their studies; they want a better education and better jobs that will pay them well. Not to have to work in a job that pays them low wages and to top it off still have to pay the loan they applied for to stay in college. It’s an everyday struggle young people go through every year just to stay in college to get their education. In the book On the Frontier of Adulthood Frank F. Furstenberg state that “More youth are extending education, living at home longer, and moving haltingly, or stopping altogether, along the stepping stones of adulthood.” Young people not reaching their adulthood, and still living at home to pursue, there dream of going to college. In fact, this is very important because some young people are keeping up in attending college, no matter if they have to live at home with parents or extending their education simply because of some bumps on the
due to this you spend more money into your education ounce you get out you want to invest in other things like a car , house , kids . Going back to college will make you be in more debt ; meaning you spent a large amount of money on something you didn 't set your mind to . I interviewed a girl named Zarah Soberano who attends mt.sac and majoring I nursing so far , she discussed with me and two individuals about changing her mind of what career she wants. She first wanted to be a nurse, now she believes she wants to be a teacher. I asked her what 's your financial plan ?