Summary: Obtaining College Tuition

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Pages: 4

Students go to college expecting to leave with a degree and the skills needed for their career path, but they also leave with greater debt than expected. The debt acquired throughout college makes students hesitant about attending or continuing college. Obtaining a degree would be made easier if the burden of college tuition was not there. Free college tuition can mean better opportunities for a larger group of people.
Students are told getting good grades in primary school and attending college is the perfect formula for the opportunity to obtain a successful career. What they do not get told is the amount of debt, stress, and all the little details involved. Qualifying for financial aid also depends on your grades, extracurricular activities, and income. If you don’t have a high enough income there is scholarships, TOPS (in La), and student loans. Scholarships and TOPS are not always offered to everyone and they only cover so much. Even student loans are never guaranteed to cover all four years of college or even just one semester. Student loans are also something you have to qualify for. The things that are supposed to aid students in paying for college are being depleted. Federal funding keeps receiving cuts and students are expected to pick up the slack with student loans. A student’s identity is
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Students loans are not just the amount borrowed but also includes interest. There are two forms of school loans, Direct Subsidized Loans and Direct Unsubsidized Loans. Subsidized loans are when the federal government pays the interest while the student in college or while the loan is in deferment. While unsubsidized loans accrue interest immediately from the time the loan is taken out. The loan process is extensive and requires multiple loans throughout college. After the loan is applied to the tuition, the excess can only go to pre-approved items such as housing, books, the loan itself and