College Admissions : Financial Planning

You probably already knew that higher education leads to debt. If you don’t do something about it, you will have to deal with having to pay money for years. Chances are that you are not thinking about your future yet. I understand if you haven’t thought about your future yet. Here’s how I know you probably haven’t thought about it because many of my colleagues have told me that all they thought about in high school is about their girlfriends or boyfriends and not about their college education. Therefore, I’m giving you advice because many past and current college students have been in the same place you are right now. The future may seem far away, but time passes by in a blink of an eye. In no time, you’ll be applying for the college of your dreams. As I researched, I found that most college graduates are left with at least

Now that I'm a senior I guess college is right around the corner, along with the dreaded expenses. Paying for college can be a stressful experience or a walk through the park. For most it's a mightmare, because of the debt they are or will be in. I've always been concerned about how my family and I were going to pay for college. Fortunately there are many options I can take advantage of to avoid a horrible financial fate.

College today is so expensive that most people that are fortunate enough to attend, end up having to take out student loans at one point during their collegiate careers to help pay for their tuition and other fees associated with college. If people do not manage their student loans right, the debt can pile up and put you in very shaky financial state, and have major impacts on ones life as well as others too. There are ways that you can manage your student loans, and pay them off in an effective and timely manner such as: paying of the most expensive loan s first, picking the right payment options, staying in touch with your lenders, and paying more than the required

Check out this great podcast episode on how to plan financially for a college education. It has helpful tips and questions to guide parents in the ins and outs of Taming The High Cost Of College.

The most important problem for high school students and their parents when they think about college is how they will pay it. According Robin Wilson, a reporter for the Chronicle of Higher Education says “In fact, despite stories of a large number of students who face gargantuan debt, about a third of graduates leave college with no debt

Many college students face this same struggle of deciding the rest of their future right out of high school. Unfortunately, freshman college students are under educated about their finances and tend to over borrow when they come to college. Student loan debt is a major problem in America that could easily be fixed by educating students before they are allowed to borrow large sums of money.

That being said, as a college student today there is no bigger problem I face than debt. A problem which I am constantly reminded of every 3 months at the beginning of each term, and will be for years long after college. As a first-generation student coming from a low-income family a college education is highly spoken of, and always associated when brought up with a well paying job.

With the varying costs of college in mind, the topic of how to cover financials comes up. Many loan types are out in there in the world and deciding whether to apply for those or to pay my own way is a crucial decision to make. I, personally, will be taking out loans and applying for scholarships because I am not able to strictly pay my way. Although, my parents have reassured me that they will help pay for portions of my college education. Once I arrive at KSU and begin schooling, I plan on getting a job whether it be in an office or a work study. There are many positive and negative aspects to both decisions and I believe that everyone has to do what’s best for them. Loans can have a positive effect, although, borrowing more money than necessary

About two thirds of student are graduating from Colleges and Universities with some level of debt. The level of debt they have sometimes overwhelmed them and sometimes they have no choice but to just drop out. At one point college is not worth it. It may only be worth it when you have a plan and you are financially stable and can afford the tuition every year. The majority of students that attend college are low income students and are not financially stable.

As I get closer and closer to attending college, the financial stresses of managing to pay

One of the most difficult parts of college is paying it off. It is crucial to have the least amount of college debt as possible so one is able to live their life without worry of having to pay it off for years and years. Living in a house hold with a single mother can be difficult when it comes to expenses. With less money a key part of being able to pay off college is by saving money.

Numerous College students suffer from financial stress not only does it impact them emotionally, but it also impacts their grades. I think it is important to note that college students should only be worrying about one thing, and one thing only, which is school. College students are the minds of our future, which is why we need to help them understand how to cope and also alleviate all the unnecessary stress on them and let them focus on their studies and grades.

“Many people worry about paying too much for college” (source 1). Individuals that want to go to college have variety of ways to pay for college. This essay will inform students to sign up for scholarships and grants, get federal student loans and private student loans.

A lot of students find themselves in financial trouble. Especially, if you only work a certain amount of hours. Students have trouble maintaining finances because they have mostly lived off of parents and/or guardians since birth. For most students, college is usually the first time away from home. It can be difficult to adjust. Overall, learning to manage money can be a daunting task for anyone, but especially when you are young and just starting out.

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if