Should High School Students Attend College Essay

A survey was taken from a wide array of adults in America to answer the question: “If you take out a $1000 loan that has a 20% interest rate, how much will you owe a year in interest?”. A simple question that can be answered quickly with $200, however, two thirds of the people surveyed either could not answer the question or got it wrong (fortune). This survey was taken from a wide variety of people, including many college graduates, who should have easily answered this question. With this many people failing a simple question, there is evidence that high schools and colleges should require students to take a personal finance class so they can be financially literate in their lives.
Students attend college mostly for one reason: money. College graduates earn an estimated fifty percent more than their high school diploma coworkers, and over a lifetime this can equal more than one million dollars. (study). With graduates earning so much more, then why doesn’t everyone attend college? There is a variety of factors, but one is that high school students think they cannot afford the cost of tuition. They are certainly wrong in their opinion as millions of students afford college every year.
High schools should require a personal finance class to
Cost is an important factor in the determination of attending a community college before transferring to a four-year university because it can save a large amount off a person’s loan. Students that transfer to four-year universities are also eligible for transfer scholarships and grants from the school they are attending, and can receive additional grant money if they have a good academic standing. Another way high school personal finance classes can help their students is by teaching them to minimize costs. This can be done in a variety of ways such as shopping for deals, changing activities to reduce costs, and renting textbooks instead of buying