Today I stumbled across an article in the NY Times... which you should all read http://www.nytimes.com/2010/01/21/education/21college.html?th&emc=th
The article discusses the numerous impacts that the recession has had on college students, primarily freshmen. I don't know about the rest of you, but I could really relate to this article. The only thing that would have prevented me from coming to K was financial issues. Had it not been for some generous scholarships I would not be here. In this article it was brought up that a lot of students were unable to go to their first choice school, not because they couldn't get in, but because their financial situations wouldn't permit them to.
I found the article interesting not only because it was so relevant, but also because it pointed out how financials issues are found not only within the government, but in the everyday lives of everyday people.
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K College is very generous with scholarships. I know first-hand, and along with many of my friends that it would be impossible to come to this fine institution had it not been for financial aid. At the same time, public schools (most notably UofM) rarely give out scholarships and it is almost unheard of to get a full ride there. The University near my house, Oakland University, used to have the slogan "A University you CAN afford", but this past year the tuition increased 9% and many people had to drop out because of it, now their slogan is just "A Smart Investment".
ReplyDeleteI also have experienced what this article was talking about. Financial aid and scholarships were definately a major factor in determining whether or not I would be able to come here. I can understand why other students would be having to face the same issues given the nature of the economy.
ReplyDeleteThis is especially true for me. I am here however despite the fact that i am not recieving very much in scholarship money. I am basically paying for K on my own off of loans and work. I chose to make this risk on a few things. One being K is in my opinion, and several others, the best education in the state. On top of that i believe they are one of the best colleges at not only breeding great minds, but they have an ability to get their students employed. Lastly, the most irrational, I just had a feeling that this is where I HAD to go. it was where i was MEANT to go. But just like we learned in economics not everybody makes th emost rational decision.
ReplyDeleteI know many of my friends that are at other universities had to make decisions on where they were going to go based on money rather than wanting to. I think the government should help make college a lot cheaper for students rather than just loans. The government should make everyone capable of going where they want to for school no matter what their financial situation is.
ReplyDeleteI was lucky enough to recieve enough financial aid to be able to afford K, although it will still involve taking out a substantial amount of student loans. However, several of my good friends were not as fortunate. A few of them decided to go to community college or a local university and live at home, because paying tuition plus room and board was unthinkable considering the economy.
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ReplyDeleteI am very fortunate to receive enough financial aid that I barely pay anything to go to K. A lot of that has to do with my specific family situation and because I am considered an independent student according to FASFA. However, I do understand that many can't go to their dream college because their parents are affected by the recession. I sympathize with them and hope that college freshmen realize that there education is a worthwhile investment that will pay off in the long run.
ReplyDeleteI'm very lucky to receive enough financial aid from K... college tuition is a big amount of money for most families to afford, especially during this finacial crisis period. However, some of my friends couldn't reach their dream school because their family were affected by the recession. They have to find the other school which can offer them some part of tuition fee to instead... E
ReplyDeleteIf it weren't for scholarships and financial aid, I certainly wouldn't be here, and I'm very grateful for what K has given to me. That being said, I still have to pay quite a bit to go to K, money that might not be there next year if something were to happen and my dad were to lose his job. The article definitely hit home, but nothing it said really surprised me. All we can really do, I think, is wait for this recession to end.
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