College Admission To College

College Admissions: Financial Planning
My College Plan As college costs continue to rise faster than the general rate of inflation, young college students are increasingly finding themselves saddled with debt and forced to make complex financial decisions. In response, some colleges now channel freshmen through personal finance seminars in which students learn how to budget, how to understand loan terminology, and how to avoid common financial pitfalls. Some students find it hard to continue and work and additional year to collect some money, and then go off to college. And then some families do not or cannot afford to help their kids with college so it puts stress on the student to get scholarships or work for the Hathaway. The students that can’t get the scholarships or the Hathaway, …show more content…
Even though statistics show students that wait a year to go to college, end up not going, I plan to push myself and make sure I get a college degree. The reason I have to work for an additional year would be, because my parents are not willing to help me with any money, and the more money that I can save will be less I have to pay towards loans. And without worrying about school, I would be able to find a job that allows me to work overtime so I can get more money. Saving money and paying for at least my college books for a majority of my classes would help. Most of the time students see loans something that just gives them the money, and they forget that they have to pay it back. And along with paying back the money needed for college they also have to pay back interest. Interest can range in numerous prices, usually depends on what bank you go to. So someone that pays with cash ends up paying a lot less, compared to someone that uses loans to pay for all of college. Without a wealthy family or scholarships it is very hard for many students to pay with cash only, so almost every student has to get student