Financial stress prevents College students from graduating
The Problem
Financial stress can be a waking nightmare for families, and it can be a huge factor in talented students dropping out
College students are experiencing financial stress stemming from the fear of being unable to meet tuition costs and meet monthly expenses
Even with several scholarships, help from the family, and part-time jobs, students are struggling to make ends meet.
32% of students reported neglecting their studies at least sometimes because of the money they owed
Steadily, tuition increases have outpaced incomes forcing families to rely on student loans to help foot the bill.
It doesn't just affect present students, but universities and colleges as well. High dropout rates lead to low graduation rates, and then the enrolment rates are low, resulting in high tuition fees.
Every year millions of new students are pumped into the student loan system while current borrowers struggle to exit it.
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