Paying for College
(An Analysis of The Rising Cost of College and the Modern Methods Used to Combat it)
“Life has become the future. Every moment of your life is lived for the future--you go to high school so you can go to college so you can get a good job so you can get a nice house so you can afford to send your kids to college so they can get a good job so they can get a nice house so they can afford to send their kids to college” (Green, 2008). A summer 's work at minimum wage use to easily pay for a whole year of college tuition. Today even if minimum wage was doubled, working all summer could barely pay for half the years tuition and fees. This has obviously become problematic, due to the fact that, in today 's job market, it is nearly …show more content…
And the added stress of working a full time job along with being a full time student is almost unbelievable for most people. Student loans have become an easy out, but in the long run they can leave adults with a troubling amounts of debt. The only free money students can really receive for college is in the form of scholarships, but even those can have strict stipulations. Faced with the rising cost of college, and a job market that refuses to cooperate, higher education students are now left with three real options, they can go into debt, they can find a job hat will give them enough hours and a high enough wage to pay for college, they can take out loans to help cover the cost, and …show more content…
This can be a huge issue because not all students grasp the concept that they will have to pay all the money they were loaned back in the future when they are starting their lives in their chosen career. Student loans can be a blessing and a curse they can help students get through school without having to pay much right away , but the curse is that you have to end up paying back what was borrowed plus interest and at that point students are questioning their education. On the other hand, Jesse Rothstein conducted a study that found that, “We find that debt causes graduates to choose substantially higher-salary jobs and reduces the probability that students choose low-paid “public interest” jobs. We also find some evidence that debt affects students ' academic decisions during college” (Rothstein, 2011). Though student loans do have their negatives because they aren 't free money and it has to be paid back. The plus side is that students make better career choices because they do have the prior knowledge that they will have to pay off the student loans. Student loans are being marketed to everyone now and can be valuable
(An Analysis of The Rising Cost of College and the Modern Methods Used to Combat it)
“Life has become the future. Every moment of your life is lived for the future--you go to high school so you can go to college so you can get a good job so you can get a nice house so you can afford to send your kids to college so they can get a good job so they can get a nice house so they can afford to send their kids to college” (Green, 2008). A summer 's work at minimum wage use to easily pay for a whole year of college tuition. Today even if minimum wage was doubled, working all summer could barely pay for half the years tuition and fees. This has obviously become problematic, due to the fact that, in today 's job market, it is nearly …show more content…
And the added stress of working a full time job along with being a full time student is almost unbelievable for most people. Student loans have become an easy out, but in the long run they can leave adults with a troubling amounts of debt. The only free money students can really receive for college is in the form of scholarships, but even those can have strict stipulations. Faced with the rising cost of college, and a job market that refuses to cooperate, higher education students are now left with three real options, they can go into debt, they can find a job hat will give them enough hours and a high enough wage to pay for college, they can take out loans to help cover the cost, and …show more content…
This can be a huge issue because not all students grasp the concept that they will have to pay all the money they were loaned back in the future when they are starting their lives in their chosen career. Student loans can be a blessing and a curse they can help students get through school without having to pay much right away , but the curse is that you have to end up paying back what was borrowed plus interest and at that point students are questioning their education. On the other hand, Jesse Rothstein conducted a study that found that, “We find that debt causes graduates to choose substantially higher-salary jobs and reduces the probability that students choose low-paid “public interest” jobs. We also find some evidence that debt affects students ' academic decisions during college” (Rothstein, 2011). Though student loans do have their negatives because they aren 't free money and it has to be paid back. The plus side is that students make better career choices because they do have the prior knowledge that they will have to pay off the student loans. Student loans are being marketed to everyone now and can be valuable