Going to college for an average student is not easy. Study labs, term papers, and all-nighters are some of the factors that may deter many students to go to college. But the most important factor that discourages most students to attend college is the stress of paying their own tuition and lack of funds.
According to the College Board, the average annual cost of a 4-year degree at a public university is $11,338, while a 4-year degree at a private college or university costs at least $24,946. These figures are constantly at a rise and students find it more and more difficult to pay for their own tuition. Some students apply for a variety of tax-advantaged tools, loans, and grants to be able to afford college. However, some students are forced to pay for their own tuition by working part-time and generating enough funds to afford college.
Studies have demonstrated that more than half of students today fund their own education. The National Center for Education Statistics (NCES) has reported that around 51 percent of undergraduates are considered financially independent.
Taking up part-time or full-time jobs and paying for your own tuition builds up sense of responsibility that could not be achieved if someone else paid for your education. You can always rely on yourself rather than others, thus building up your self-confidence.
You also learn the value of money and this teaches you how to make the most out of what you have. It helps you allocate and manage your hard-earned money in an effective way. Students who are funded by their parents often take things for granted and hardly ever work hard towards achieving something.
Paying for your own tuition also teaches you to manage your time efficiently and effectively. It is not always easy to juggle between different jobs and college at the same time, but most students take it up as a challenge and strive hard to achieve their goals. Some students have apprehensions that if they take up extra responsibilities of taking up a job while at college, they might not be able to explore their educational resources and also alienate themselves from their peers. However, most students find that paying for their own tuition allows them to gain invaluable skills that prove to be very useful in future.
Students who pay for their college also become very focused and goal-centric. They know exactly what they wish to achieve and what their aim in life is. Students who rely on others to pay for their college don’t usually take up college work seriously. Their aim in life is hardly ever defined and they take things for granted.
Another advantage of paying for your college is that when you take up a job, you get to interact with people from all phases of life. This helps in building your interpersonal and communication skills. Exposure to real-life situations and problems also allow students to adopt a practical approach to problem-solving.
Perhaps the only disadvantage taking up part-time jobs and paying for one’s own college tuition is that it can become very tiresome and students find it difficult to concentrate on their studies.
For students with such physical deficiencies, it becomes necessary for them to rely on others to pay for their college. Such students apply for loans and scholarships to help then get through college. Again this helps the students to be responsible. Many students start saving while they are at college so that they can pay off their debts as soon as they graduate.
There are some students who do not wish to work and study at the same time and they end up not attending college at all without trying to seek financial help. For such students it is better to attend college with financial help from others rather than opting out.
Even though taking up a job to pay for college is definitely better than relying on others to pay for your tuition, students should decide carefully about the choices they have to make the most out of their available resources.