Why Students Take on Debt-and What It Reveals
Briefly

Why Students Take on Debt-and What It Reveals
""I'm blessed to have had multiple options and actually very big scholarships, but it still wasn't enough to cover college entirely. Like gas and groceries and really anything else that isn't tuition.""
""The big thing I think about there is the opportunity cost of going to college. This choice to go to college for these students is not just about how much tuition they're going to pay, or even just how much housing they're going to pay.""
Many students, like Tyler Powe, are taking out loans not just for tuition but for basic living expenses due to rising costs. A report from Trellis Strategies reveals that 46% of students are independent, 67% work while studying, and 19% are caregivers. These responsibilities often exceed 40 hours a week, limiting study time. The report emphasizes the opportunity cost of attending college, highlighting the difficult choices students face regarding work and education.
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