How many young adults are missing out on college? It's extremely unfortunate that young adults are missing out on going to college due to financial issues. I know what people are thinking, that there are so many loans and grants out there to help young adults get through college. Most of the money that is available for young adults is through different corporations that are offering a student with the highest G.P.A. in there class or high SAT. What about the young adults who get into these major universities but there family background does not allow them financially to go to college.
One of the major grants today that numerous young adults receive is through the government which is the Pell Grant. The Pell Grant is a grant that college students receive only if the student qualifies through the system. The student most come from a family in which the student and the family can prove that they can not afford for college. In 2008 the government has announced that more money will be issued to college student that qualify for Pell Grant. With that helping college students a little more there is still a numerous number of young adults that are finding themselves unable to afford college.
Another major issue to lo
ok at is the difference between a public school and a private school. The cost for private school is extremely more expensive than the cost of public schools. Because private schools can raise their tuition more every year than public schools, it's becoming a major problem if college is affordable even after loans and grants. I found that 39% of first year college students borrowed money in 1999-2000. I also found within the same article that student loans rates are extremely high with $23,000 for dependent undergrads. As a result we are finding that there are helping hands to get by for college students, but many still find themselves unable to live off what is provided for them through different grants and loans. The picture here to the left is a chart that shows the average cost of public colleges and the out of pocket money that these families can afford for their college students.
Overall, the high demand for young adults to attend college today is over 70 percent. The problems that one has to face is the cost! It's extremely unfortunate that young adults miss out of an opporuity of a life time because college is too expensive. Or even have to settle for less because of the cost. Something that everyone should keep in mind is the fact that college is only getting more expensive everyday. Think about the next generation in your family and how you can start saving for them now.
1 comment:
Dear NN
Thank you for your post. Your topic could not be more appropriate given that so many high school seniors are just about to send applications to colleges and universities through out the country! Your links are quite informative. I especially enjoyed the discussion you linked to at the NPR website. In your post you mention that 39% of first year college students borrowed money in 1999-2000. Given the price of a college education these days, I am surprised that number is not higher. I would be very interested to see what the percentage is currently. I agree with your concern for “young adults missing out on an opportunity of a life time because college is too expensive, or even having to settle for less because of the cost.” It is such a sad thing to see bright, talented young people deprived of the opportunity to grow as much as they possibly can.
As much as I appreciated you post, I did find some of the typos and grammatical errors a bit distracting—with such a good topic, I would hate to see other readers turned away by something so small! Also, though you opened your post with a very apt question: “how many young adults are missing out on college?” I find that after having read the post, I still don’t know how many students are unable to attend because of the cost or any other difficulties.
You also mentioned that “the cost for private school is extremely more expensive than the cost of public schools. Because private schools can raise their tuition more every year than public schools, it's becoming a major problem if college is affordable even after loans and grants.” With the quality improving in many state universities, I wonder if this is a difficulty that needs to be addressed, or indeed, how such discrepancies can be addressed. What do you think about instating government vouchers? It has been my thought for some time that if the money given to state schools based on the number of students attending were given directly to the students, they would be able to better afford the college of their choice rather than having to settle for a potentially less rigorous university experience.
Thanks again for your post. Very interesting topic and definitely something to keep in mind as tuition costs soar ever higher!
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