Jeanette Juachi, a high school senior, who has been granted admission at Cal State Dominguez Hills; however, with her mother unemployed and her deceased father, she has been left with the burden to meet her annual student obligation. She tirelessly works as a cashier at a supermarket, after her long day at school. The price of tuition has been rapidly increasing over the past few years; therefore, many families are questioning whether college is worth the cost and hassle for those 4 years. While a college degree can lead to a more lucrative and fulfilling career, it can also engender a huge financial burden that can encumber graduates for many years to come.…
Everyone who wants to go to college is often faced with the same fact, how will I pay? Students often go with the options of taking loans, after much consideration and research, research sometimes based on essays written by authors. Even though Carey and Wilson both address the debt college could put someone in. Wilson provides a more convincing argument due to the fact that he gives more information on statistics of student loans, more information about loans, and an unbiased opinion.…
As a first generation college student I did not know what to expect from college. Sure I had heard plenty of stories from my peers and high school teachers, however, hearing a story and actually experiencing is very different. I had heard all too many times things such as- you will be more independent, be sure to ask a lot of questions, and most importantly college is very expensive. Whenever someone would talk about the tuition issue among different universities a certain question ways lingered in my head. I asked myself, “Is college worth it?”.…
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.…
“In Debt We Trust America” was an incredibly eye-opening video for me. Family and friends constantly warn me of the dangers of debt, but I was unaware of just how much of a problem it is. For me, one of the most informational, or perhaps motivational parts of the video, was the portion on students in college. Constant increases in college tuition are putting a more drastic burden on college students and their families. In the video, it mentioned that the…
The Project on Student Debt (2007, September). Student debt and the class of 2006. Berkeley, CA: The Project on Student Debt. Retrieved November 20, 2007, from http://projectonstudentdebt.org/files/pub/State_by_State_report_FINAL.pdf…
Not all students should go to college because college can often cost more than it is worth. College tuition has risen at a significantly higher rate than inflation in the previous generation. With student loan debt having passed one trillion dollars recently, one must ask…
Students today are going to college without realization that they could be paying more than $120,000 worth of student debt. It is commonly known today that college or universities require a fairly large amount of money to attend the school. This results in students taking out loans and taking much more than is needed. There is a Consequences toward retrieving loans as debt accumulates, and there is interest charged on the loan. There are a variety of solutions despite from paying out of pocket, such as scholarships and programs that offer money for school. As a result of all the student debt, there are many forms of paying off debt, which could be as easy as finding the right school or finding scholarships.…
Sixty-eight percent of adults with student loans and whose children have loans are unhappy with the way they financed their own or their children's college(Journal of Accountancy). Sixty-eight percent, that is a disturbingly high number, that means that six out of ten students right now will regret how they paid for college and consequently will lead them along to the wagon that is debt. If we are to stop the rising influx of debt: teaching students about how to operate their finances in college will result in a reduction of students with…
College. It's what millions of naive young adults look forward to. It offers freedom from nagging parents, freedom to sleep in, freedom of self-expression, freedom to become anew. However, amongst the excitement of arrival, the sprite youth disregard safety. Thus, they inflict upon themselves a terrifying disease by the name "Debt".…
I live in Oak Hill Ohio which is located in the southeastern part of Ohio. Throughout the 18 years that I have lived here I have watched my father struggle from job to job. I have watched him leave the house at five o'clock in the morning to drive to work and then watched him arrive home at around six o'clock in the evening. All of this work and the money gained cannot support a family of five for seven days and still, there are some worse off.…
While students are getting busy developing and learning about their chosen professions foreseeing themselves doing successful individuals in the near future, we can’t deny the fact of the increasing costs of college education, that make students find themselves in a world of uncertainties regarding financial situations.…
Even if it seems like they are growing up faster than any other generation before them, teenagers are still developing the basic attitudes and perceptions that will form the basis for life-long consumption patterns. It is often at this age that teenagers find their first jobs and start earning an income. Their goals are not typically to save or to invest for long-term financial security. For the most part, parents are still taking care of their teenagers’ needs and are still assuming responsibility for most of their purchases. For young teenagers, though, earning money means acquiring purchasing power. Now they can buy the things that used to require their parents’ permission. It’s one more step towards independence. It’s important for parents to remember that teenagers are still learning how to spend money. Help them focus on the rationale behind the purchases or demands they make. Point out how advertisements and marketing campaigns play an important role in decisions about spending.…
In today’s society kids are always spending their money. It’s the result of children watching their parents spend money. As a child you can tell the difference between spending money on something they want, or saving it for a legitimate reason. Teenagers have absolutely no idea how to save money wisely, and non-impulsive. Teenagers need to be taught, and need to learn how to save. If not, as they get older they will go into debt and have a hard time getting themselves out.…
While lot of parent’s concerns revolves around promoting unhealthy competition amongst children on the amount of money they get and loss of control on a child’s spending habits, there are also some positive lessons for teenagers such as inculcating money management skills and making tough decision regarding spending desires that offer less value to their…