Financial Aid in Education Essay

Your honor, ladies and gentlemen of the jury, last night, Abigail Williams accused Goody Proctor of an attempted murder by witchcraft. The charge included a needle in a witch poppet and one in Abigail’s abdominal. Today, I will prove Goody Proctor’s innocence of this malignant and malicious charge of attempted murder.

In our lives today, not everyone can financially afford to attend a four year university or college, but yet people still attend because they have academic goals. Currently there is help with grants, merit scholarships and loans available for some. However many students do not realize they will eventually be left to pay the majority of the money back. Students who want an education should get it, a country such as the United States should provide students with financial aid.

Everyone needs money to pay for college. The Free Application for Federal Student Financial Aid opened this month. Completing FAFSA is required to be eligible for over $24 billion in grants, loans, work study and even scholarships. Students must complete the FAFSA every year in order to continue to be eligible for financial aid.

The social issue of student debt might be one of the most harmful in the long run for society. While it might not seem like anyone is in immediate danger like in other social issues, it does however create a dominion effect of other detrimental issues. While some may think student debt only affects people financially, it has been found that it affects in many more areas in a person’s life course as well. According to Mitch Daniels, president of Purdue University and the former Republican governor of Indiana “Men and women laboring under student debt are postponing marriage, childbearing and home purchases, and...Pretty evidently limiting the percentage of young people who start a business or try to do something entrepreneurial," (Holland,

Crippling student debt is stifling the growth of the United States economy because it inhibits graduates from being able to spend money on consumer goods and home purchases. One of the biggest decisions every high school graduate has to face comes at the time of applying to college. Deciding to go, and where to, is going to have a big impact on the student life, and in most cases a big factor for this is money. As an effect of that concern student loans were developed. For many students going to college in the U.S. comes with a very important economic decision.

I. FAFSA is the Free Application for Federal Student Aid. Students that want to go to college can go their website and fill out a form every year. Then FAFSA decides what programs that student is eligible for to get student financial aid from the U.S. Government.

In 1976, the average cost to attend a four year public university was $2,175; today, the average cost to attend a four year public university is $25,000 (Snyder). This means it is 1150% more expensive to go to college in The United States today than it was 30 years ago. This obviously would create a problem on how we as people are going to pay for our higher education. Today college has become almost a necessity to have a satisfactory life, and with these rising prices some individuals believe student loans are the only option. There are many reasons as to why the prices have risen, but the one undeniable fact is that this has created a problem within our country. Which, is known as the student debt crisis, and it has been on the rise the past couple years. This problem is affecting people all around the United States, and is causing multitude of problems for them all because they wanted to pursue higher education. Wanting to better your opportunities by bettering yourself is not something that needs to be punished, and sadly that is what is happening. This problem is something that needs to be fixed for the sake of Americans and our economy, but will also take time and a multitude of steps to correct.

To begin, earning a college degree should be based on a students intellectual ability to complete the curriculum not their ability to meet financial guidelines. Most colleges say that they accept students who have a two point zero grade point average or higher, standard SAT and ACT scores, and the twenty four credits needed to graduate, but once a student meets all the qualifications they are still turned down due to the fact that they are unable to pay the cost that is needed for college. Students unable to meet federal guidelines in order to receive financial aid also may not qualify for income based scholarships. In America the cost of living and tuition has increased while the average household income

The words “free college tuition” spark interest in any college student with accumulating debt. In fact, this topic is so incredibly supported that Bernie Sanders implemented it as a core interest in his 2016 campaign. Once Hillary Clinton became the Democratic nominee, she decided to take it on herself with an extensive plan that guaranteed students free tuition. Unsurprisingly, free tuition resonates extremely well within the student demographic. To forty million Americans, free tuition eliminates the largest problem for students: debt (Hess, 2017). However, free college tuition generates the inverse of what these low-income and middle-income students believe. In fact, free college cripples them from multiple perspectives; students will end up spending more financially, will be less likely to graduate with a degree, and will be subjected to more inequality and less exposure.

According to the National Center for Education Statistics, an average undergraduate student in 2007-08 they got up to $12,740 for financial aid and for grants they got $7,110 (NCES). Colleges do give out a great number of financial aid and grants yet the cost of college is still crazy expensive. Some people can't afford college even with the financial aid and grants given to them. While students can take out loans they still have to pay them off with interest added in which can add up quickly. Universities make paying for college a little easier on students by giving out grants and aid, but most of the times the money they give students won't even put a dent into how much students still have to pay.

Financial aid is money in the form of loans, grants and employment that is available to a student to help pay the cost of attending. Financial aid comes from the federal government, which is the largest provider of aid, as well as state government, the school and a variety of other public and private sources.

I believed financial sector is one of the fastest growing and most influential elements in our modern society and economy. Financial professionals help companies and organizations stay on top of their own finances, which is a top priority in the wake of the recession. The growing of financial services in the world has brought massive opportunities to utilize newer principles, methodologies, tools and practices in the field of finance. It is this challenging field in which I would like to gain expertise.

Lack of development in countries in the so-called `Third World' has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of today's suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependency and supremacy give rise to the contrast of enormous resources and immense poverty in developing countries is. In the last years the outcry of justice and the emancipation of the Third World became louder throughout developing and industrialized

Going to school and trying to afford it can be a financially draining experience, and I know that from experience. Our government has made many relevant changes thus far to better support students, but much more can still be done. With rising tuition costs and not enough government aid, more and more students are forced to take out loans in order to pay for continuing education. These loans later become a huge financial burden, some totaling near $30,000. If the dream of a college education is dependent upon access and affordability, how are young people supposed to continue their education and plan a future, when the cost of tuition is through the roof? Because higher education supports our economy, the government should be expected

Will the average student receive enough financial aid for college to truly make a difference? 63 percent of students receive some form of financial aid (whether it is loans or grants). However, because so many students are applying for financial aid there is less to be given. This leaves many students with some form of financial aid still in debt or taking out loans. Federal grant aid has increased by $8,000,000,000 over the past decade and state grant aid is up 78 percent over the last 10 years (Kelley). With the government in this economic depression, this amount of support will not be able to last for long.