Students all over the United States are wonder how are they going to pay for college when paying for college is worth more than some people yearly salaries. Some factors that can contribute to the rise of tuition is the budget crisis and the rise of inflation. In reality tuition is rising but grants are decreasing. For example in 2012 if you were eligible to receive the Hope Scholarship they would pay 90% of your tuition, but now in the year 2015 if you are eligible for the Hope Scholarship they only pay for 81% of your tuition. That is an alarming 9% decrease over 3 years. Even though the government gives out these grants and financial aid some students are still left with a great amount of debt to afford to stay in …show more content…
Private colleges are much more expensive than four year community colleges. According to College Board, the average cost of attending a private institution is $26,273 for this school year. That is $19,253 higher compared to the average cost of in-state tuition at a community college. Keep in mind the number presented as tuition does not include cost of living which can cost as high as 1,700 a month for a dorm, which is higher than most people rent for a whole house. Some student go to college and work to help pay for tuition, but when the work gets tough and they start to become stressed and lose sleep, juggling school and work becomes too much for them to handle. Doing this is the number one reason why college students drop out, 54% to be exact. Many students have to support themselves while in college this means rent, cell phone bills, car notes, gas, etc. According to a study made by college board 6 in 10 college dropouts were responsible for paying for their own college