Diane M. Hall
Evanita Wallace-Lewis
English 115
March 7, 2015
Assignment 3.1: Determining Causes and Effects-Draft Version
Attending College for many students is an exciting time in life. Students are on the edge of adult-hood and ready to start their new careers after graduation while others are well into adult hood and continuing their education. College life is a newfound freedom of being away from family and being able to make decisions on their own without having to ask for permission. Students often don’t think about the responsibilities, obligations and pressures that come with their transition to College life. College can be a significant cause of stress for …show more content…
Students may worry about their ability to repay their loans especially in today’s economy with high unemployment for young adults. While students are not required to repay their loans while in college, they know at some point after graduation, it will be time to repay their student loan debt. “Over 60 percent of college seniors are worried they won’t land a job after graduation” (Andrecovich, 2009). As many as 27 percent of students cite financial pressures being a daily stressor, and 17 percent have considered dropping out of school in the last three months (Andrecovich, 2009). Good facts. As a result of students dropping out of college over financial pressures, the economy lost $4.5 million dollars in lost earnings and tax revenue in 2010 alone (Jilani, 2011). Lost income to college dropouts was $3.8 billion and lost state income taxes accounted for $164 million dollars. $566 million lost in federal income taxes. These estimates only account for one year and one class of students. Since these losses accumulate each year, the estimates underestimate the overall costs of low graduation rates (Jilani, 2011). . According to the National Survey of Student Engagement, financial stress keeps as many as one in three students from purchasing all the required academic materials due to cost (Indiana University, …show more content…
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