Education finance

The average college student graduates with over $25,000 in student debt, a 25% increase in the past ten years. The amount of student debt has risen at an alarming rate in the past decade. To put things in perspective, Americans owe more money in student debt than credit card debt. It’s important to closely evaluate the causes and effects of rising student debt in regards to its influence on America’s youth and economy. The student debt crisis is more apparent today than ever before. With student loan debt in excess of 1.3 trillion dollars, and rising at a rate of 3,000 dollars per second, it is easy to see why so many consider this a crisis. This is affecting 43.3 million Americans who split the debt in a negative manner. In April, the Education…

amount of government financial aid. Nonetheless, by doing this, there will be no elimination of government financial loans to others whom have not worked an equal amount; however, it will help place the student who is paying for their own college in the correct realm of student aid amounts. Another observation that must be taken is the number of students traveling to other countries and if these students are making a large enough impact on our education system that we must enhance our…

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…

Being a senior last year, I had to start thinking about where I wanted to go to college. When looking into colleges I also had to look into the tuition prices because I knew that I did not have the funds to pay for college on my own. With going into my fall semester at GGC I only had the money that FASFA had granted be to pay for college and I had not started working yet. Since I did not have money saved up I did not take as many classes as I wanted to. My mom’s friend told me about how her son…

applications for student aid are free, so there are no drawbacks to filling one out. The worse they can say is no. Scholarships and grants are another great place to start. If I told you about all the scholarships and grants there were, this paper would turn into a dictionary. About 60 percent of college students graduate with student loan debt, while about two-thirds of the nation’s full-time students pay for college with scholarships or grants. While scholarships and grants are often used…

is that you can’t afford to go to college. So now everything you worked hard for goes out the window just like that. That’s not fair. You deserve to go to college. You worked just as hard as anyone else so why should high tuition costs be such a problem. Therefore, college tuition in America needs to be lowered because it is preventing students from being able to attend college because they come from low income families who can’t afford it. According to Drew Desilver, only 50.9% of students from…

opportunities are very limited. The United States is centered on working, moving up to the top, and making money. So from a very young age, the children of this generation think they don’t have a choice whether to go to college or not because they want to live the “American Dream.” One of the main problems is, “prior to the late 20th century, pursuing a college career wasn’t as quite as important as it is today, in the past, if you were a college graduate, you were considered a…

I would like to receive the W.W. Mebane scholarship because I need help in paying my college tuition. I live with my mother who is a self-employed single parent. My mother runs a very small cleaning business which barely provides for me and herself. My Expected Family Contribution (EFC) on my FAFSA is 000000. Despite growing up with little money I have strived for success and to further myself so I can aid in supporting my family. In order to do this I need to go to at least four years of…

more than $1 trillion, surpassing credit card debt. One of the things that has also come up in the research from the Congressional Budget Office is the amount of money that has been made on student loans - $41 billion last year. The profitability they say is expected to continue until 2024. (Epperson) Why do many of the students attending college get denied financial aid? Students get denied for many reasons; make too much money, do not have all documents to file financial aid, and do not meet…

“Given the best of all possible worlds, I would make a few changes. I would place emphasis on increasing the amount of funding that goes into programs like Pell Grants, that purely and simply award funds to students who really cannot afford full tuition”(Vest). The college tuition is a big problem because some students can not afford college. The college tuition is increasing slowly, but their are people who are supporting for more financial help from the Federal government, yet people claim to…