Financial Pressure of College Student

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UM Tagum College
Arellano St., Tagum City

Financial Pressure of a College Student

In partial Fulfillment of
The Requirements in English 201

Joel Ben Borres
Ruel B. De Gracia
Lisette Jean P. Hingpit

Introduction

Background of the Study

Filipinos hold close several values. One of them is education. We have complete faith in formal schooling as we have the notion that to be educated is to have a better life. Education is regarded as a gateway to improving our social and economic status. Sending to college is one of the priorities of the Filipino family. However, with the economic difficulties and relatively high cost of college education in the country, many families find it difficult to send their children to college. The average yearly cost of education continues to increase. As anxiety rises concerning the escalating costs of schooling, students are left with the decision of how to fund their education. Some take out loans, or apply for grants or scholarships. Typically, college costs are considered in terms of their impact on access to higher education. However, after initially gaining access, it is increasingly a concern that tuition costs threaten to raise students’ loans, consumer debts, or work hours to the detriment of their academic success or that the level of debt upon graduation threatens their future standard of living. We all know that a college education has a worth that cannot be expressed in money. The time of your life spent as a student does not only leave you with invaluable knowledge that can help you find a well-paid job and career, but also makes you independent and teaches you some important life lessons during your time as a student. College is the first chance for many young adults to make significant financial decisions on their own. When young people learn and practice sound financial skills during their college years, they build a foundation for lifelong financial well being. We all know that a college education has a worth that cannot be expressed in money. The time of your life spent as a student does not only leave you with invaluable knowledge that can help you find a well-paid job and career, but also makes you independent and teaches you some important life lessons during your time as a student. There is little information available regarding students prioritization of time-to-degree in relation to other academic priorities, social interests, and financial resources. The role of student behavior, attitudes, and priorities remain largely uninvestigated in terms of their impact on time-to-degree. Living college life is a stressful time in many students' lives, and financial situations only add to the stress. From tuition rising to buying books to figuring out if your paycheck will be in your account before your drive-thru debit at Wendy's goes through, financial stress is rampant. As students register for classes another unexpected cost arises. Textbooks, project and other related expenses.

Statement of the Research Problem

The main objective of this research is to determine the different causes of Financial Pressure of College Student.

Review of related Literature

Financial Pressure

Financial pressure arises from any situation where money worries are causing stress. It may relate to debts you are facing now, or financial concerns you have about the future . Financial pressure is also related to financial stress. Many college students experience financial stress. This can involve the struggle to find sufficient money to pay for tuition, as well as securing the funds needed to cover the costs of living while attending school. Even those students who are able to qualify for sufficient financial aid to cover immediate college costs have to cope with the financial stress of knowing that they will have to face paying back a large sum of money following graduation.

Financial pressure can seriously affect your...
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