Since middle school, I have been told that I must go to college. I’ve been told that getting into college is the only way to have a better future and a better lifestyle. Yet, when I got into high school, I was completely confused and angry about college. I have been told that I must go to college, but when I wanted to apply to college, I had to take in consideration the costs it will bring. If it was not for financial aid, I would have never had the opportunity to go to college. Even though I receive financial aid, it did not save me from getting students loans. Oh those students loans, they have been haunting me since I signed the paper agreeing that I would pay them back after graduation. I will definitely pay them back, but no one likes having loans that can ruin your life if you do not get a job after graduation increasing in interests.
College is expensive. Wheelock college costs are Tuition: $31,675 (12-20 credits), Room and Board: $13,600, Fees: $1155 and the Total is : $46,430. ( source, Wheelock.edu) This price is so close to 50,000 which some people struggle to earn in a year. If it was not for financial aid I would not be able to attend this school, but there are some students that do not get enough financial aid and have to pay the majority of their tuition from pocket. Which can be a struggle if the family does not have enough money to pay or the student has to work in ordered to pay for their own tuition because they might not get help from their family.
My Life: Since I took out loans every year for four year, I have at least $30,000 of students loans that I need to pay back and this does not count extra money that the loans that have accumulated in interests during those four years. It is really stressful because I am going to graduate in May 2015, so I need better have a job by graduation or find a job within the next 6 months before I need to start paying back the loans. Some people have a difficult time finding a job and therefore, will have a difficult struggle paying off their students loans.
My Generation: I feel that my generation may have a difficult time paying off students loans because there are not a lot of resources out there to inform us of ways to get help when we are having trouble paying of the loans. The most important part is that my generation do not seek help from others and restrict themselves from resources that may help them improve their lives and lessen stress. Each year, the school tuition and room and board are increasing by three percent or more, so future generations are going to have a tough time going to college if the rate of tuition keeps increasing.
Students loans can be scary and stressful, but as long as a person has a job to pay then back by graduation time the person should be okay. Don’t let students loans scare you!