Studies have proved that 70% of nearly 19,000 students are stressed about their finances. They are worried about tuition costs and not being able to afford day-to-day expenses. Students are beginning to cut back on their class loads and neglect schoolwork due to worrying about debt. They are also beginning to end their studies because of financial issues. Even after they graduate, they still are worried about their tuition, because they will then have to pay off student loans. Teresa A from Iowa, wrote to Letters to the Next President, stating her beliefs on college tuition and its effects on students. She wrote, “People who graduate with student loan debts cannot own a house or anything. The average student loan payment for every month is $351 for ages 20-30. That’s about as much as rent some places”(Teresa A). She is saying that newly college graduates aren't able to afford their own housing due to student loans and debt. Some students aren't able to graduate from college and immediately get a full time job, which makes paying off loans a harder
Studies have proved that 70% of nearly 19,000 students are stressed about their finances. They are worried about tuition costs and not being able to afford day-to-day expenses. Students are beginning to cut back on their class loads and neglect schoolwork due to worrying about debt. They are also beginning to end their studies because of financial issues. Even after they graduate, they still are worried about their tuition, because they will then have to pay off student loans. Teresa A from Iowa, wrote to Letters to the Next President, stating her beliefs on college tuition and its effects on students. She wrote, “People who graduate with student loan debts cannot own a house or anything. The average student loan payment for every month is $351 for ages 20-30. That’s about as much as rent some places”(Teresa A). She is saying that newly college graduates aren't able to afford their own housing due to student loans and debt. Some students aren't able to graduate from college and immediately get a full time job, which makes paying off loans a harder