Creating Financial Security for College Students/Graduates Essay

Creating Financial Security for College Students/Graduates   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One of the biggest problems facing students today, is the fact that there is no real financial security after earning a degree. Many students find that the little amount of financial aid available, is not satisfactory to provide a stable source of payment for tuition. This is exaggerated by an exorbitant cost of the ever rising education costs. The facts are, it is expensive to get a higher education, and there is little alternative to receiving a degree. Students who manage to finance their college education through government, or private loans, enter a whole new set of problems upon graduation. Student loans are difficult to pay back. Loans generally have high interest rates, and long term effects. Many graduates end up paying for loans decades after their commencement. To these unfortunates, retirement may have to be prolonged, and is still not assured to be stable, as well as payments on cars, houses, and other goods purchased. A call for action i s required among students to invest for the future. Many need the money that could be rewarded with a wise investment in the mutual fund market. There are many jobs today which require a college degree for consideration of employment. Some jobs require the skills obtained in earning a degree while others are attempting to "weed" out a number of job seekers. This increase in the number of jobs demanding degrees is causing more people to continue their education to a higher level. The law of demand states "other things remaining the same, the higher the price of a good, the smaller is the quantity demanded"(Parkin, 69). The good in this case is the job, whereas the price is the education or what it is going to take... ...ture. Now we have happy secure students that have one less thing to worry about. Works Cited Carnes, W. Stansbury, and Stephen D. Slifer. The Atlas of Economic Indicators. New York: HarperCollins Publishing, 1991. Dalton, John M. How the Stock Market Works. New York: New York Institution of Finance, 1993. Gleick, James. Chaos: Making a New Science. New York: Penguin Group, 1987. Lynch, Peter. One Up on Wall Street. New York: Penguin Group, 1989. Malkiel, Burton G. A Random Walk Down Wall Street. New York: W.W. Norton & Company, 1990. Parkin, Michael. Microeconomics. Reading, Massachusetts: Addison-Wesley Publishing Company, 1996. Schwager, Jack D. The New Market Wizards. New York: HarperCollins Publishing, 1992. Train, John. The Money Masters. New York: Harper & Row, 1980. Train, John. The New Money Masters. New York: HarperCollins Publishing, 1989.