Education has increased in price over the years. With tuition rates ranging from at least $40,000 per semester, students have no choice but to take out loans. As some loans are abundant, these options have become widely accessible to pay off these costs. Sadly, these decisions have accumulated debts over a college student’s career. With few articles supporting from Megan and Gillispie, these loans can lead to detrimental problems during and after college. In other words, these costs have caused students to gain stress in their day to day lifestyle that may lead to withdrawing from classes, sleeping for insufficient hours, and increasing personal expenses. In college, students are expected to sign up for classes to earn their degree on time. Most of the time, the funds needed to pay for these classes are not received. With the little amount of scholarships given and the excessive costs that come along with tuition, students will more than likely withdraw from classes. Despite these terrifying costs, loans can cover the tuition attending college. While these loans can help for the short term, students will receive an exorbitant debt. As these debts accumulate, many of their funds will not be able to support the tuition and likely lead to withdrawals from classes. These situations cause students to stress about their finance and seek their attention towards that problem instead of their studies. Even in the University of Phoenix, student loans has affected costs leading to “fewer and fewer students in class because the ones that couldn’t pay are often the first to leave”(Gillispie) furthering prove that these loans have affected the average class size for college. From that, students will open more loans and provide themselves with an excessive debt for adulthood. As withdrawing from class can be detrimental to one’s education, money would be necessary to maintain this lifestyle and causing students to gain a lack of sleep As loans help with the costs of tuition of school, these loans may cause students to go without much sleep.
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Many of these students worry about their spendings and debts that they tackle on part time jobs to pay off these debts. From that, these payments will lower the debt causes by attending college. As with any working job, it creates a heavier burden on students who are trying in education and a job. As a result, most students start to spend more hours to study so that they can work. With the amount of work needed to perform these activities, students will not perform as well in education and most likely at work. Without the required 8 hours sleep, professors see sleep-deprived students walking to class and not learn anything from the lecture. As time pass on, these students will most likely get bad grades and have no other options but to repeat the course to earn their degrees. As students receiving grades of D or even F, there GPA will lower and will result in graduating late. This incident will require students to rely more heavily on loans and thus become encased in debt during their lifetime. While student loans may provide assistance in finishing college, McArdleBloomberg argues “that much of the economic benefit of college is the credential, rather than the education”(McArdleBloomberg) furthering that students spend ample money and end up not learning the materials. While that may be true, students still believe in that doing well in school will guarantee a job. From that, these students will exhaust themselves through these loans and still end up with massive debts after graduation. As these students continue to be affected by their lack of sleep, their personal finance is being seeped of its hard earned cash. With the amount of work needed to pay off funds and still graduate, students also have to worry about personal expenses. With loans covering the tuition fee in colleges, these debts can seep into student’s personal expenses. Whether one wants to pay for food for the week or pay rent on an apartment, these private funds are troubling enough for students. Adding in the cost of debt over the years and students start to struggle with financial situations. With information regarding the average cost of UNLV students, “the average commuter student living with parents spends $5,382 on tuition, $1,600 on food and $2,814 on transportation
Many of these students worry about their spendings and debts that they tackle on part time jobs to pay off these debts. From that, these payments will lower the debt causes by attending college. As with any working job, it creates a heavier burden on students who are trying in education and a job. As a result, most students start to spend more hours to study so that they can work. With the amount of work needed to perform these activities, students will not perform as well in education and most likely at work. Without the required 8 hours sleep, professors see sleep-deprived students walking to class and not learn anything from the lecture. As time pass on, these students will most likely get bad grades and have no other options but to repeat the course to earn their degrees. As students receiving grades of D or even F, there GPA will lower and will result in graduating late. This incident will require students to rely more heavily on loans and thus become encased in debt during their lifetime. While student loans may provide assistance in finishing college, McArdleBloomberg argues “that much of the economic benefit of college is the credential, rather than the education”(McArdleBloomberg) furthering that students spend ample money and end up not learning the materials. While that may be true, students still believe in that doing well in school will guarantee a job. From that, these students will exhaust themselves through these loans and still end up with massive debts after graduation. As these students continue to be affected by their lack of sleep, their personal finance is being seeped of its hard earned cash. With the amount of work needed to pay off funds and still graduate, students also have to worry about personal expenses. With loans covering the tuition fee in colleges, these debts can seep into student’s personal expenses. Whether one wants to pay for food for the week or pay rent on an apartment, these private funds are troubling enough for students. Adding in the cost of debt over the years and students start to struggle with financial situations. With information regarding the average cost of UNLV students, “the average commuter student living with parents spends $5,382 on tuition, $1,600 on food and $2,814 on transportation