Solutions To College Debt
Did you know that it is a 400% more expensive to go to college today than it was 30 years ago? Over the years college tuition has dramatically increased. With college tuition being a lot more expensive now students that do choose to go to college end up in higher debt. Even though tuition is rising students are willing to go to college despite the cost and not considering that they might not be able to afford college or won't be able to pay off their debt. College debt is becoming a problem but there are solutions that such as, scholarships, working and saving, and attending state or community college. There are many solutions to college debt but the best solution is seeking scholarships. More and more students are getting into college debt
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Three of those solutions are, scholarships, working and saving, and attending state or community college. Scholarships can help pay for some if not all of a student's college tuition. There are several scholarships that college students can apply for to reduce their overall college debt. There are also different aspects that a student should be aware of when applying for scholarships. This was even stated in the Sallie Mae Fund article, “You should never have to pay a fee for scholarship searches. If it sounds too good to be true, it usually is” (pg 9). Another solution to the college debt problem is working and saving. While in high school students can work and save for college so that when they are done with highschool they will have savings and won't have to borrow as much if not any student loans. In the article, “Paying for College Without Loans, Scholarships or Looting Your Parents Retirement”, the author state, “ A highschool student who works twenty hours per weeks (more during the summer, less during the school year saves $6 per hour of that throughout high school will have $24,960 in savings by the time he starts college” (pg 13). Working and saving money for college may be a good alternative for some students. The last solution is attending community college. In the same article, “Paying for College Without Loans, Scholarships or Looting Your Parents Retirement”, the author also …show more content…
Although, the best solution is applying for scholarships and grants. This is the best solution because there are a variety of scholarships that students can apply for. For example, Mark Gormus, author of the article, “Students Share Strategy to Avoid Debt” states, “They've found scholarships for tall people, short people, and even for creative types who make prom dressed out of duct tape” (pg11). As a result, there are different scholarships students can apply for even if it is a unusual scholarship it is still worth the shot. There are also big and small scholarships and students should apply for all of them. No scholarship is too small. As Mark Gormus also stats, “You don't know that that big $10,000 scholarships is going to come up, but receive 10 smaller ones worth $1,000 and you end up with the same result” (pg 12). So, you should apply for even smaller scholarships and most of the time smaller scholarships require less work such as easier essays. That is why applying for scholarships is the best
Three of those solutions are, scholarships, working and saving, and attending state or community college. Scholarships can help pay for some if not all of a student's college tuition. There are several scholarships that college students can apply for to reduce their overall college debt. There are also different aspects that a student should be aware of when applying for scholarships. This was even stated in the Sallie Mae Fund article, “You should never have to pay a fee for scholarship searches. If it sounds too good to be true, it usually is” (pg 9). Another solution to the college debt problem is working and saving. While in high school students can work and save for college so that when they are done with highschool they will have savings and won't have to borrow as much if not any student loans. In the article, “Paying for College Without Loans, Scholarships or Looting Your Parents Retirement”, the author state, “ A highschool student who works twenty hours per weeks (more during the summer, less during the school year saves $6 per hour of that throughout high school will have $24,960 in savings by the time he starts college” (pg 13). Working and saving money for college may be a good alternative for some students. The last solution is attending community college. In the same article, “Paying for College Without Loans, Scholarships or Looting Your Parents Retirement”, the author also …show more content…
Although, the best solution is applying for scholarships and grants. This is the best solution because there are a variety of scholarships that students can apply for. For example, Mark Gormus, author of the article, “Students Share Strategy to Avoid Debt” states, “They've found scholarships for tall people, short people, and even for creative types who make prom dressed out of duct tape” (pg11). As a result, there are different scholarships students can apply for even if it is a unusual scholarship it is still worth the shot. There are also big and small scholarships and students should apply for all of them. No scholarship is too small. As Mark Gormus also stats, “You don't know that that big $10,000 scholarships is going to come up, but receive 10 smaller ones worth $1,000 and you end up with the same result” (pg 12). So, you should apply for even smaller scholarships and most of the time smaller scholarships require less work such as easier essays. That is why applying for scholarships is the best