Preview

Problems Facing University Students

Best Essays
Open Document
Open Document
2311 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Problems Facing University Students
Financial Challenges Facing University Students
FA120-Skills to succeed
Group Creative problem solving assignment
By
Megan Sweeney (12522637)

Anna Heffernan (12743239)

And
Ross Swords (12344681)

Word Count: two thousand two hundred and eight.

Contents Page

Section 1: Summary | Pages 3 and 4 | Section II: Details of the students challenge | Pages 4 and 5 | Section III: Findings | Pages 5 and 6 | Section IV: Possible solutions and recommendations | Page 6 | Section V: Recommendations | Page 6 | References | Page 7 |

Section I: Summary.
Introduction
After discussing our assignment as a group we recognised what problems and challenges may be relevant to university students. We felt the topic most relevant to ourselves as a group and the majority of university students, was the financial challenges faced by university students. For most students as they start university it is their first time living away from home which can create problems for both the student and their families financially with both the high costs involved in sending a student to university and the difficulties the student faces themselves in budgeting their weekly allowance. Many students struggle to prioritise their money correctly and often spend more money on socialising weekly than on the essentials such as food, and often there is little or no money left to put towards books and curriculum based activities. For the purpose of this assignment and to help ourselves as students manage our money in a more economical manner we have researched the problems and solutions which occur in the everyday life of an Irish university student.

Statement of the student challenge
The financial difficulties faced by a university scholar are brought about by the high cost of tuition fees which are constantly increasing as a result of poor management by our previous governments, the high cost of student accommodation for those students who have to move away from home to attend university. Students



References: Titanium Ents and subsidiary groups. (2012). Galway Student Discount Card. Available: http://www.titaniuments.com/galway-student-discount-card/. Last accessed 14th nov 2012 . C O 'Doherty. (2012). Dublin €3k ahead of average income. Available: http://www.irishexaminer.com/ireland/dublin-3k-ahead-of-average-income-181644.html. Last accessed 14th nov 2012. nui galway. (2012). medical services. Available: http://www.nuigalway.ie/student-life/student-support/medical-services.html. Last accessed 14th nov 2012 . C Pope. (2012). Cheap and cheerful way through college. Available: http://www.irishtimes.com/newspaper/finance/2012/0911/1224323839157.html. Last accessed 14th nov 2012 . UCD. (2012). Scolarships. Available: http://www.smurfitschool.ie/scholarships/gmatmbascholarships/. Last accessed 14th nov 2012 . Harvard University. (2012). WELCOME TO THE HARVARD COLLEGE FINANCIAL AID OFFICE. Available: http://www.fao.fas.harvard.edu/icb/icb.do. Last accessed 14th nov 2012. Schweitzer. (2010). 10 Easy Ways for Students to Save Money. About.com Guide. 10 (4), 33-34. Warnes, S. (2012). Top 10 brilliant student money saving tips. Available: http://www.neilstoolbox.com/bibliography-creator/reference-website.htm. Last accessed 10/Nov/2012. Waldron,C. (2012). Charity shops: getting too big for their Pradas?. Available: http://campus.ie/college-life/money-matters/charity-shops-getting-too-big-for-their-pradas. Last accessed 12/nov/2012.

You May Also Find These Documents Helpful

  • Powerful Essays

    assignment brief

    • 1185 Words
    • 7 Pages

    The purpose of this assignment is to: enable learners to 1) know ways to manage personal finance 2) know common financial products and services 3) be able to produce a personal budget that takes account of personal remuneration…

    • 1185 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The main idea of this essay is to present the purpose of Student loans and their effects on college expenses. “Is student loan a lifetime situation”? “Are students frustrated with college loans”? Is making a decision to borrow money in order to attend college often amounts to a “financial disaster”? “People not paying attention to their debt”? “Is this generation only thinking about the next month’s payment”? “Are students graduating with an enormous amount of debt equal to a mortgage on a nice home”? Main perspectives will be impending from the author Robin Wilson.…

    • 724 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A survey of student hardship “Overstretched and Overdrawn”, conducted by National Union of Students Scotland gives us an overlook at the impact of the economic climate on students who are forced to work in addition to be able to afford the costs of living. The report shows the amount of students working long hours to try to deal with their commercial debts, more than 70 per cent of students work more than recommended 10 hours a week. We are given information on the proportion of different types of debt that students are tied up with for example commercial debt and student loan. Commercial debt applies to more than half of the surveyed students and two thirds of students own money to family and friends. Young students are less concerned about being in debt than mature students where students from poor background are more afraid of commercial debt that those from better background. The number of working students reaches more than 50 per cent of surveyed students, with more than 70 per cent of them working longer hours during term-time than the recommended 10 hours a week. Working students are more likely to be those with commercial debt. The report shows that the Government is concerned about student debt. They provide the grant to the very poorest students and support student parents but the amount of support provided is limited and the solution of moving from loans to grants is not enough.…

    • 417 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Debt Free Prosperity

    • 490 Words
    • 2 Pages

    The object of this book is to teach people how to manage their money in order to stay out of debt and plan ahead for the future. This book goes over several suggestions or "laws" but focuses on four main ones.…

    • 490 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Student Debt Research Paper

    • 2359 Words
    • 10 Pages

    Sutton, W. (2002, November 11). Knowing the facts about financial aid: Basic overview of financial aid for academic advisers. The Mentor: An Academic Advising Journal, 4(4). Retrieved November 20, 2007, from http://www.psu.edu/dus/mentor/…

    • 2359 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Have you ever wondered what's the biggest challenge facing students today and how it can be addressed? College can be a egregious chapter of a young scholars life. I believe a college student financial situation is what's faced today. One's finances can be the cause of stress, and loan debt. Numerous students with low-income face financial deficiency.…

    • 293 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Is college for Everyone

    • 477 Words
    • 2 Pages

    In the article the author Pharinet main purpose is to use her professor experience in the college field to explain to her viewers, future college students and the students parents that going to college may not be for everyone, and some people do not need a college degree to be successful. Not every college student is ready to face all the freedom and responsibility that comes with going to college. Pharnet uses the statistic that approximately 50% of students who begin college never gradate (636). Some students are simply not ready for the academic and financial challenges of college. Most students find themselves in desperate financial situations by their first semester. In most high schools, students do not pay for their books. “Upon entering college the cost of books can run several hundred dollars per semesters.”(635)…

    • 477 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Tseng, Nin-Hai. “Three Ways to Make College More Affordable”. CNN Money. Cable News Network. 29 Nov. 2012. Web. 15 Dec. 2012.…

    • 1434 Words
    • 6 Pages
    Best Essays
  • Good Essays

    Money management and financial planning is an aspect of life that everyone encounters. Despite one’s income or financial status, every adult and child has a concept of money and how to manage finances. Learning effective tips for financial success is very important to ensure future prosperity. For students especially, it is vital to be exposed to money management advice to learn and adopt good spending and saving practices early in life.…

    • 644 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Essay On Student Debt

    • 538 Words
    • 3 Pages

    In actuality, there are many unconventional ways to save money than eating the cliche shrimp cup-of-noodles. Students can visit lifehacks.com to find a myriad of ways to save and even gain money. These tips including from selling your college essays on Amazon’s KDP website to saving money by paying cash for medical procedures and even selling likes and comments, in this digital age the possibilities are really endless. For those who like the traditional way of saving money, you can find digital coupons on Retailmenot.com, where they have millions of coupons all together in one simple website, and accessibility in one measly click. Also, students can share expenses with friends when various sales such as BOGO come about, and cooking instead of dining out will greatly reduce expenses because food does add up when eating out in the blink of an…

    • 538 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    3. Kenley, Luke “Response to High College Cost.” Indianapolis Star. 20 September 2010. Print. 15 October 2010.…

    • 1533 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Personal Finance

    • 3713 Words
    • 15 Pages

    Many people assume that handling personal finances is straightforward and can be done with little to no preparation. This paper delves into the many different aspects of personal finance. It discusses the tools that we are learning in class and explains how these tools that can be used to save for retirement. It offers tips to improve your financial standing both now and in the future. And finally, it compares these tips with advice offered by an expert, Suze Orman. Everyone needs to learn how to properly prepare their finances to reach their goals. While doing so can be easy and rewarding, neglecting to do so can have a substantial negative impact on your future well-being.…

    • 3713 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    College Tuition

    • 1071 Words
    • 3 Pages

    In today's society, the idea of a college education has become less of an option and more of a necessary requirement and is commonly considered the only way to acquire a successful career and life. There are many careers, in which a college education is not technically necessary, that can often be just as or even more successful. With the cost of college tuition increasing with every passing year, the controversy of whether college is really worth the cost and burden is growing too. If our society wants to continue displaying a college education as somewhat of a necessity for success, I believe the cost of it should shift to being a more realistic price, suitable for the majority of students striving to go to college.…

    • 1071 Words
    • 3 Pages
    Better Essays
  • Best Essays

    Rising cost of tuition

    • 1325 Words
    • 5 Pages

    6. Lleras, M. (2004). Investing in human capital: A capital markets approach to student funding. Cambridge, UK: Cambridge University Press.…

    • 1325 Words
    • 5 Pages
    Best Essays
  • Satisfactory Essays

    Being a student can be the most exhilarating time of your life. New friends, new places, new challenges can all add up to a huge buzz. But all those things can also make student life seem a total nightmare. Financial worries, debt, exam pressure, burden of homework, relationship problem, parental pressure and so on, these all together buildup students' stress, which can overwhelm any student. Stress is one of the biggest problems and challenges facing students who seek to get a good education today.…

    • 300 Words
    • 1 Page
    Satisfactory Essays