Debt has been a problem for years but recently there has been a growing issue with higher level education seeking students attending college. With the demands for a bachelors degree rising throughout companies students are left with a complicated issue choosing between paying a ton of money for a bachelors degree or risk getting paid a lot less and having more trouble finding a job. Because of this issue students have been taking out student loans and borrowing money to help fund their journey though college. This has not only put the student in debt but also ruins a large portion of their income once they get out going towards paying back their college experience. With this issue expanding I will be going over reasons why college is expensive,
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In this paragraph I will be going over some of the many ways Students can save money and accomplish their goal of graduating without having the burden of paying back their debt. John Caspar, Vice President and Investment Advisor with CIBC, has created a step by step plan to watching your money which includes, evaluating your needs, income, and expenses, then start cutting. First step would be to evaluate your needs which means excluding your wants, conveniences, and luxuries and focus on your needs. Next step of the process is to evaluate your income which would include all the money you're making from everything you do. Finally you need to calculate your expenses on everything you do, purchase or consume and cut out all the unnecessary spending habits. Once you have completed these tasks you are well on your way to saving the most money possible. Another skill to add to this collection is learning how to fill out applications for scholarships and where to find them. As Sarah Deveau, a college graduate, states, “If you’ve got what it takes to get scholarships, good grades, community involvement, talent, or other highly developed skills, you should definitely take a few days each semester to apply. A little investment in time could pay off big in cold hard cash.”(Pg. 56 Par.1) If you were to use these simple tricks in your everyday college life you could end up graduating without …show more content…
The reason the past suggestions haven’t worked is because people aren’t motivated to apply for scholarships also the fact that in general the average person isn’t good with their money and the method of monitoring themselves would only succeed if the rules were followed perfectly which would be hard to do. As Steve O. Michael, the President of the Association for the Global Advancement of Universities and Colleges (AGAUC), states, “… the United States…governments fund only a part of the higher education cost and institutions work hard to obtain funds from other sources and to implement cost reduction strategies.”(Pg 15 par. 1). With this lack of funding from the government campuses have turned away from the students and turn their attention towards finding other ways to help pay for their building and salaries. This creates a drive for them to get money instead of just focusing on students
In this paragraph I will be going over some of the many ways Students can save money and accomplish their goal of graduating without having the burden of paying back their debt. John Caspar, Vice President and Investment Advisor with CIBC, has created a step by step plan to watching your money which includes, evaluating your needs, income, and expenses, then start cutting. First step would be to evaluate your needs which means excluding your wants, conveniences, and luxuries and focus on your needs. Next step of the process is to evaluate your income which would include all the money you're making from everything you do. Finally you need to calculate your expenses on everything you do, purchase or consume and cut out all the unnecessary spending habits. Once you have completed these tasks you are well on your way to saving the most money possible. Another skill to add to this collection is learning how to fill out applications for scholarships and where to find them. As Sarah Deveau, a college graduate, states, “If you’ve got what it takes to get scholarships, good grades, community involvement, talent, or other highly developed skills, you should definitely take a few days each semester to apply. A little investment in time could pay off big in cold hard cash.”(Pg. 56 Par.1) If you were to use these simple tricks in your everyday college life you could end up graduating without …show more content…
The reason the past suggestions haven’t worked is because people aren’t motivated to apply for scholarships also the fact that in general the average person isn’t good with their money and the method of monitoring themselves would only succeed if the rules were followed perfectly which would be hard to do. As Steve O. Michael, the President of the Association for the Global Advancement of Universities and Colleges (AGAUC), states, “… the United States…governments fund only a part of the higher education cost and institutions work hard to obtain funds from other sources and to implement cost reduction strategies.”(Pg 15 par. 1). With this lack of funding from the government campuses have turned away from the students and turn their attention towards finding other ways to help pay for their building and salaries. This creates a drive for them to get money instead of just focusing on students