This Article is About
financial knowledge
financial investment
university degree
higher education
The Fear Of Student Debt - Why Students And Families Shouldnt Be Afraid Of It
Join 1000's of Authors at StreetArticles Today!

The Fear Of Student Debt - Why Students And Families Shouldnt Be Afraid Of it

Fear of debt should not stop you from continuing a promising academic program that interests you.

Many students are afraid of debt. According to a report, up to 7000 students, or 2.5%, could decide not to go to study in university rather than go into debt because of the rising tuition of $ 1 625 expected by 2017.

However, the report of the Advisory Committee on the Financial Accessibility of Education (ACFAE), shows that it is mostly students from low-income families who decide not to continue their studies because they are unfamiliar with the financial assistance programs which they are entitled.

According to the Council, the low-income families also tend to overestimate the costs associated with the university and to underestimate the benefits. Excessive caution could therefore encourage them to avoid debt engendered by the university.

A study produced by the Ontario Council of the Quality of Higher Education (OCQHE) reaches the same conclusions. According OCQHE, the number of young people from low-income families has remained the same in Ontario for years.

The main reason is that these families lack of financial knowledge that would enable them to appreciate the value of an university degree. OCQHE also suggested publicizing the programs educational assistance to these families and to show them that the studies are a worthwhile investment.

These findings are not surprising. Already in the 1980s, studies had revealed that young people in low-income families prefer short and inexpensive courses to long courses representing a significant financial investment.

This had the effect of confining them to low paying jobs and often unstable, but these young people seemed to prefer this to the debt needed to pursue long studies.

Of course, the academic career is certainly something. Several university programs among the highest paying also have important academic requirements, while these young people often face difficulties in school. Choose a Diploma of Vocation Studies (DVS) is more wise, especially since some DVS are high paying (crane driver, elevator mechanics, etc.)..

However, fear of debt should not discourage you to undertake university studies in a promising program that interests you and in which you meet the requirements. Remember, going to university studies is representing each year some extra several thousand dollars per year in comparison to what you could win without it.

In addition, it is very likely that the shortage of labor ahead will lead to a general wage increase. You will have the means to repay all your debts at school.


Street Talk

If you have any comments or question, please comment below!

Reply
  about 1 decade ago
You May Also Like
Sources to Search the Best Literature For Writing A Thesis
There are many scholastically satisfactory sites, most connected to colleges and different foundations. This is a rundown of the most well known in different controls from therapeutic science to English writing. Connections to a portion of the destinations are at the end of the article. Jstor: Jstor has a tremendous…
By: Kim Sanchez in  Reference and Education  >  College University   Jun 07, 2016  
3
  Likes: 0

Crucial Points to Consider While Taking Australian Assignment Help
Undoubtedly college assignments are something that can make any student feel dreadful. You can hardly find a student who says I love doing strenuous assignments. While scholars were going through the extensive pressure and struggling with the overburden of writing tasks. Some companies were at work to find out the…
By: Henry Wilson in  Reference and Education  >  College University   May 20, 2016  
5
  Likes: 3

How to Choose Good Management Dissertation Topics?
Simply put, a good management dissertation topic can be selected by being careful about the expectations of all the parties concerned, including your proposed employer. You can not write a dissertation without considering your prospective readers, reviewers, faculty, and all the other members of your university’s dissertation committee. These are…
By: Olivia James in  Reference and Education  >  College University   May 18, 2016  
0
  Likes: 0

Enjoy Your Life To The Fullest With College Homework Help
It again is that time of the scholars’ year when a great number of students are graduating from their high-schools. Most of them must have even written their admission essays, and now it is just the waiting for acceptance letters that has kept them stick to the ground. And when…
By: Olivia James in  Reference and Education  >  College University   May 17, 2016  
0
  Likes: 0

3 Quick Steps for Assignment Writing
Has the tendency of procrastination finally got you and the submission deadline is glaring right in your face? Or you simply want to complete the dreaded assignment so that you can go out on the weekend beach party with an unrestrained head. In either of the cases, it is clear…
By: Filipe Mark in  Reference and Education  >  College University   May 03, 2016  
0
  Likes: 0

Study Abroad Consultants Delhi for Admission In Top German And Canadian Universities
Your last semester is about to end soon and till now you might have made up your mind which course you are going to opt for next one. You might have picked the best colleges in India as well that offer these courses. But have you considered studying abroad also?…
By: Edusky in  Reference and Education  >  College University   May 02, 2016  
0
  Likes: 0

Digital Media Marketing Is Your Way Enroute to Success
The internet has been the most fundamental change during this age and for hundreds of years. As the digital marketing landscape continues to grow at a rapid pace, marketers are faced with new challenges and opportunities within this digital age. Virtual Voyage has designed this Digital Marketing Course to educate…
By: vvseo001 in  Reference and Education  >  College University   Apr 28, 2016  
0
  Likes: 0

Clemson University Vs Furman University
1. What I knew Being in the middle of high school, I am thinking about my future more than ever now. I have made mostly A’s and B’s all of my life, so I will probably have the chance to go to a good college if I choose to do…
By: Michael64 in  Reference and Education  >  College University   Apr 29, 2016  
0
  Likes: 0

Amazing Tools That Can Enhance Students’ Education A Great Deal
There is no point of denying this attribute that student of this modern era needs innovation in their studies all the time. Therefore, with the passage of time there have been different kinds of amazing tools developed through which students could attain best possible outcomes quite easily. This is an…
By: johnalica in  Reference and Education  >  College University   Apr 27, 2016  
0
  Likes: 0

Global Digital Illustration Contests You Should Join In 2016
Set up your name in the global art scene! Boost your skills by enrolling at CIIT’s digital illustration course then take part in any of this year’s upcoming art contests. 1. Cheltenham Illustration Awards 2016 Using the theme “Tales of Nonsense,” artists need to come up with a visual storytelling…
By: CIIT in  Reference and Education  >  College University   Apr 27, 2016  
1
  Likes: 0

5 Quirky Time Management Tips for Students
In a recent study conducted on the colleges in Australia, it has been observed that a high percentage of students are facing problem with Time-management. The ceaseless shower of homework assignments, unending seminars, copious workshop sessions and other co-curricular activities leave them with no time to breathe. The situations worsen…
By: Filipe Mark in  Reference and Education  >  College University   Apr 18, 2016  
0
  Likes: 0

Why India is A Perfect Place for Ayurveda Training?
Ayurveda is a centuries old healing system developed in India by sages. Natural herbs, exercise and change in nutritional habits help in healing the body from diseases. Ayurveda consists of massage, yoga, meditation and using of herbal medicines for treatment. As allopathy cause side effects and costly, people are coming…
By: catherinewalsh in  Reference and Education  >  College University   Apr 06, 2016  
0
  Likes: 0

Eight Software Engineering Skills With the Highest Salaries
Are you planning to enroll in a software engineering (SE) course in the Philippines? Read on and discover the top eight skills that can give you the biggest pay as published on BusinessInsider(dot)com. 1. Platform as a Service (PaaS) – $130,081 Cloud and PaaS providers use this cloud-computing model to…
By: CIIT in  Reference and Education  >  College University   Apr 01, 2016  
0
  Likes: 0

Thirteen Popular Game Genres People Play on Mobile
Today’s advancement in mobile game development has brought a wide range of mind-blowing games to play. There are various sectors in which games fall. Discover the most popular mobile game genres below: 1. Action Action games such as Into the Dead and Half-Life 2 are great ways to test your…
By: CIIT in  Reference and Education  >  College University   Apr 01, 2016  
0
  Likes: 0

Dissertation Writing Service & Assistance
The cheap dissertation writing service is the most important component of the PhD education and it requires a lot of effort and attention. The writing and research comprise of the most essential elements. All the process is the meticulous process and is time consuming. Many students fail because they try…
By: Niculas Dutch in  Reference and Education  >  College University   Mar 29, 2016  
1
  Likes: 0

Article Views: 2096    Report this Article