The Effects of the Economy of College Students
The economy has been in a decline the last couple of years and has not shown any signs that it’s going to improve any time in the next few months to a year. With a slow economy jobs are scarce and cash flow lessens for most working class citizens. Everyone is being hit hard by the hard times in the economy; trying to do what they can with the options they are being dealt. College students seem to have it the hardest at this point then let’s say college students over fifty years ago. The financial burden that are on students is becoming worse it feels with each passing year. It is starting from the very bottom with incoming freshmen all the way up to seniors planning for life after graduation. Freshmen are looking for ways to afford tuition, an increase of working college students, and seniors fearing graduation and the unknown that will follow with it. For many students in middle school and even freshmen year of high school, there was not much thought that they would have the need to be applying for as many scholarships or financial aid and neither did most parents. Parents of course knew money would become tight but never to a point that they felt had they to give their children restrictions on where to apply for college. In a recent survey that website meritaid.com held 57% of students are considering a less prominent school because of money reasons (Economy). In addition to meritaid.com survey, a survey done by Applywise.com and Next Step Magazine concluded that 50% of families reported restraining their children’s college choices to less expensive options (Economy). Many upcoming freshmen are also taking the route of going to Community College their first few years of college. Community College is a more affordable price and then transfer to a more impressive college their junior or senior year. Since it is not important as to where you spent most of your college career, but what it is important is where you...
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