According to the U.S. Department of Education, more than 400,000 qualified high school graduates a year delay or forgo enrolling in college due to financial barriers, amounting to 4.4 million students lost between 2001 and 2010.
For students who make it to college, financial pressures can lead students to drop out, or work more than 20 hours a week, which is proven to lower the odds of completing a degree. After graduation, the burden of student loan repayment often limits career options and the ability to save money or start a family. In 2008, two-thirds of all four-year college graduates borrowed, with an average debt of $23,186. The number of college graduates with at least $40,000 in student loan debt has increased tenfold in the past decade.
–via The Tribune Democrat, Johnstown, PA – Keeping college degrees affordable, attainable.
This is a good article that discusses the challenges of paying for a college education and the burdens of continuing to pay long afterward. I worked my way through college. In fact, I’ve had some kind of job since I was a teenager, tough I’m not sure from exactly which age.
When I was working for extra money, it was no big deal, but when I found that I had to work to meet rent, pay fees or whatever, I think it probably did affect the quality of my work. You don’t hear as much about that as you should.
If your reading this and you worked while you were in college or graduate school, I’m wondering:
Do you think working while you were in college prolonged the time it took you to finish your degree?
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Was the work you did while in school campus based work/study or was it a job off campus?
How flexible was your schedule?
Do you think your grades suffered because of the time you spent at work?
Do you wish you had more time to just be a student, whatever that means to you?
There is often concern about the degree to which higher education curricula has been perverted by commercial concerns. But what about the degree to which the need to pay for education takes away time that should be allotted to becoming to educated?
Tell me what you think!
Working has completely affected my grades and the time I have to study. Times that I should be studying are spent working instead. I end up having to make up the hours for study between midnight and 4am…and I wake up at 7-8am. I am a mother of a young child as well, so what time i do have is very limited as i cannot afford to put my child in childcare fulltime. When my child is in childcare, I find myself working to bring in income rather than using the time to study. I am also unable to obtain a student loan or bursery, as my partner earns too much money, though my limited income and paying directly out of pocket my university fees, mortgage and childcare makes us worse off than the average university student. If I wasn’t as tenacious of a person, I would have definitely dropped out by now. If I was working fulltime on minimum wage it would make us financially better off than we are with me doing my degree right now…In low moments, I do wonder if I made the right decision to obtain my degree and put myself and family in this financial position. The cost of which we will be paying for years to come.
Wow! That’s impressive, actually. Hang in there! It will be worth it!