Reflection video

 

In this video i tal

k about my overall experience in class. I talk about some of the things I have learned while taking this class.I talk about the struggles that plagued me from beginning to end. I also talk about what I thought was great about my projects, which is simply the fact that I learned from them and that they are informative to others as well.

Advertisements

Final BLOG

With this being my last blog about financial aid, I decided to tackle something that a student who is graduating focusing on as one of the last things while at school. That is student loans, and with that being said the to videos talk about students loans for college students  One of the focuses is what type of loans a student should take out while in school. Anther is what type of loans should be paid off first and the time span in which it takes to pay off a loan. Also, I get into some of the details on how much you have to pay to finish off paying loans withing 10 years. I hope you can take from this and learn how to manage and make your loan payments as easy as possible.

The story of financial aid

For my story,  I interviewed Patrick Early of EIU, and he in the EIU Marketing and Communication department. Tuition is important to every student, no matter what school you go to. With this in mind, the focus of my story is about college tuition.

“Students should know that EIU tries its best to keep tuition low and affordable to everyone” as stated by Patrick Early. College tuition in 2005, only cost $4,132.50 for the entire school year and fees were $1,648. In  2009, tuition had risen to about $6,540 for that entire school year. Now in present day 2014, tuition has doubled that of 2005’s tuition cost and has hit $8,490. With fees for the year being $2,653, which is half of the tuition for the 2005 fiscal year. This covers school utility fees, teacher payroll, and some of the equipment used by faculty and students.

State laws have been put in place like the law of (110 ILCS 665/10-120) which says that an Illinois residents tuition will remain the same for four continuous academic school years. This rate is also extended if the student will need more than four years to complete their degree. Like anything else, this is limited to a set number of extra semesters that have to be approved by the University. Meaning that if a student needs more that the traditional four years to complete their degree. They will be granted additional time, but only for a limited number of extra semesters. If you exceed the maximum semesters, you will have to pay for you own tuition. Depending on the University and major will determine how many extra semesters the student will receive financial aid. This is important because some students constantly switch classes and majors throughout the college career. This is kept from most students, and some think its okay to keep switching majors without knowing that eventually they will not receive financial aid if they don’t graduate after a set amount of time.

Students fail to apply for financial aid on time, this why some lose out on money they could receive.  Applying on time also affects how much money you will receive. If you apply late you may receive only half or even less for the Pell or Map Grant than if you would have applied on time.

In conclusion, EIU recognizes that student tuition is rising. They are trying their best to only use it to cover what is needed and nothing more. Most students fail to apply for financial aid on time, but some also fail to graduate within the required time frame, because they constantly switch their majors.  These are all important because they affect how we as students pay for schooling. If the price of tuition continues to rise how will we be able to pay for school?

 

 

 

BLog Post 3

Student loans and student debt has slowly risen over the pass decade. Every year more students graduate and began the task of trying to get a job to start a career.  In the “Don’t Major in Debt” video a lot of students who have graduated are interviewed, and they talk about how they didn’t think it would be that big of a issue paying off their loans. They all though this and ended up learning hard way, that paying off loans wouldn’t be as easy as they hoped. The second video ” I have $80,000 in debt” talks about a student who graduated with $80,000 of debt to pay back to loan companies.  The stress of this is killing her, but she tries to be optimistic and hope for the best. ” Default the student loan documentary” talks about  how some people defaulted on their loans after graduation thinking this would give them more time to pay off loans. What they didn’t know is that while they were given extra time to pay off loans, their loans doubled or tripled from interest.  In “ABC 20/20” they talk about how students graduate with degrees, but have trouble finding jobs in the chosen career paths. This leads to many graduates  getting jobs in fields that don’t pay well or that have nothing to do with their degree.  In “A college degree won’t get you into the middle class” talks about how  some universities are not teaching to enlighten students, but to make money off them.  each section of this post focuses on a different each and they all relate, because they talk about how students are affected by their student loans.

Don’t Major in Debt

In this video, they talk about student loans and student debt. There is a series of interviews with people who have graduated from college with a degree. Most never knew about the effects college debt would have on them. Most never thought about how they would pay off their loans after school. They laugh at the idea of thinking about how much they owe, but are really sad, because they are paying over $500 a month. Most realized that college wasn’t worth it as far as the debt, because they have a debt from school that will hinder them for the next 10 or more years.   They now wish they knew what they know now. Most would have did things differently for example, they would go to a community college and transfer to a University. This is important because it talks about what most students go through. We are told that college is the way to go, but we are not told a lot about how much debt we will have after graduation. It is made to seem that you only go to a community college if you didn’t get good grades in high school. In retrospect its the opposite, it’s better to go to community college for your first year or two. This will minimize your debt and give you more time to figure out what degree you want to pursue.

I have $80,000 in debt and don’t know how to pay it off

This is about a student named Julia who is in grad school and she owes  $80,000.  She has no plan on how to pay off her debt. She is stressed from the idea of knowing she has no idea on how it will be paid off. She doesn’t regret going to college at all. She tries to think possible, in her mind she doesn’t regret going to college. She feels she got everything she was suppose to get out of college. She advises others to be smart about how they plan  to pay back loans and how they will pay for college. This is important because it gives a inside look at how a student thinks and feels about paying off debt. It helps inform others that they need to research as much as they can before jumping on the bandwagon that is college.

Default: the student loan Documentary

This is a video about defaulting on loans, which sets up forbearance. Which is when you agree to push back your payments on student loans.  At first this seem like a smart idea, but you have no idea on what this actually means.  While your loans are on hold, the interest for them increases and gets added to what you already owe. What this means is that a student owing $20,000 will add another $10,000-$20,000 to that what is already owed. Companies do this knowing they can make more money off students.  It makes college seem like a scam, because you are told one thing, but not told another thing. The “thing” your not told about is loans and debt. When most of the people being interviewed are given time to think about their loans, most cried because they know it will take them a lifetime to pay off their loans.This is important because it teaches you that it is important pay attention to what your signing. You shouldn’t listen to everything your told, you have to look and research yourself. Most of the people interviewed said that the loan companies didn’t care how much they made, they just wanted the students to pay back their loans.

ABC 20/20- College is a Rip Off

In this video, they talk about how college is not as good as it is said to be. We are told that you earn more money getting a degree, what you are not told is that you may not get a  job in what you get a degree in. A BA use to be considered important for getting a job, but now it is looked at just like a high school diploma.  It talks about how some students never finish college, even if they are allowed eight years to complete a degree. Not everyone believes you need a degree, some say it is better to go to a technical or vocational school. These will help you minimize your loans and still become successful.  A recent survey showed that 40% of students would not go to college if they knew what they knew now.  A lot of students have jobs that have nothing to do with what they do at work. They have jobs in opposite fields that doesn’t relate to their degree in any form. This is important because it is a eye opener to everyone. College is helpful, but not as helpful as it may seem. From this you can see that their are other ways to getting a better education without going to college, like going to a trade school.

A college degree won’t get you into the middle class

Education was thought to be important and cheap for everyone. Some schools like NYU ( New York University) are in business to make money. They are partnered with banks to charge a lot of money and force students to pay back debt. By saying that even if you go bankrupt you will still have to pay back loans.   There is no way of escaping the inevitable which is student debt.  This is important because the article talks about how schools like NYU escape property taxes. This allows them to make more money off student, which has connected school and real estate into a lucrative business.

This is the tell of a college graduate. Who thought everything was going good, since she finished school. In the mist of celebrations, she discovers that she has a lot of debt to pay before she can be done with this nightmare, The nightmare she calls student debt and loans. Before she can even get her degree she has to pay her loans off. How do they expect her to this if she has no job. Now she is trying to quickly find a job, so she can start to save money, and pay off her loans. This is one the struggles of a college student. Its one thing to have a problem getting money to pay for school and help pay for things you need while in school like food. It’s another to barely make it through with money and then find out after you graduate that you still owe money. What are students to do with the ever growing debt?

The issue of college affordability

Unaffordable

College has become to expensive for most students. The typical family cannot afford to pay for their child’s tuition so they rely heavy on grants and scholarships that are received from Fasfa.  For example, most families average $50,000 a year and students tuition range from $20,000 – $30,000. This means half of the family income would need to go to that which is impossible. With tuition rising some students are being forced to work while going to school in order to afford and pay for their schooling.  From 2000 to 2012 tuition has risen 46 percent to 13,297. In  1975 the average tuition was $3,663, in 2009 it went up to $34,132. So if  you have two kids going to college in one family, and the families income is $60,000. It becomes hard for them to pay tuition. This has also stopped some from going to school thinking this is important because something needs to be done to make college affordable for everyone without taking away from teachers’ paychecks.

Dropout

The dropout rate is increased over the pass couple years,, which comes from tuition being to high. Some students are faced with the decision to continue school while increasing their loans or leave school and start working to pay off those loans.  This makes some students believe that they are better off getting a job instead of going to school.  There was a study down that said 46% of those who go to college wont graduate within 6 years.  37% of African Americans will graduate in 6 years and 42% of Hispanics will graduate within 6 years. This is important because a person should be able to finish school without having to worry about if they will have enough money to pay for their school fees. 

Unfair

It’s unfair that athletes get more money then those who go to the school for an education. I understand that there are other things that some of that money goes to, but it seems that scholarships have dropped down from how they were years ago. More money has been put into other things like adverting to get more students to come instead of helping those who already attend the school. Since 2002 student loans have doubled to 113 billion dollars. If you don’t play sports you should be able to receive grants or scholarships to help cover tuition. Sports like football bring in millions of dollars each year from network contracts. I do believe that at least 50% of this should go to the athletes but there has to be some money left over. There isn’t a good reason for why all that money should be spent on and not shared with students who don’t play sports.

I want to focus on all of this. To bring attention to issue of how will students pay for tuition if it keeps growing. I want to bring attention to the fact the not all athletes receive fair scholarships. I also want to get something done about how athletes get more money than the student who go to the school and help determine its value. My goal is to bring a better understanding of what students go through and how everyone says its better to go to college. Which may be true, but its hard to get funding to cover all of your tuition, which makes college become more of a dream than a reality.

Framing brings important issue to the light. It raps the viewer or audience around a issue and breaks down the problems that deal with it.  It does this by telling of a problem that concerns certain people and highlighting the main facts or issues that make it important to others as well.

Image

i chose this image because it shows a large stack of money in the shape of stairs and at the  top is a cap. To me this shows how expensive college is. If you look at this, it says this is how much you will pay for a college education. You can also say this is how much debt you will have once you graduate. My topic deals with the ever growing tuition rate, and this says just that. I think it speaks to how much of a challenge college has become since it takes so much money to pay for it.

topic prosal

 

College tuition slowly rises yearly, but as it goes up funding goes down. I want to focus on this for my blog. I want to inform others on how college is expensive and that some students have to drop out because they can’t afford it. University schools spend more money on athlete scholarships than academic scholarships. To focus more making sure you have all the best athletes for you sports teams is crazy and unfair. I do believe that athletes should get some money, but to focus more on them then the students who want to learn doesn’t make sense.

Big university athletic teams get more money than a smaller schools team would, but this still doesn’t justify that it is okay to give more money to the athletes. I want to interview some athletes and coaches to talk about how they feel about this. There is also a problem with the bigger sports like football receiving more funding than a less known sport like tennis or track. All sports teams should receive equal or close to equal funding. I’m not saying you have to build a big stadium for all of them. I just think that football and basketball shouldn’t be the only sports where all the athletes have full tuition scholarships.

According to Hughes (2013) there have been a growing number of problems associated with college cost. Tuition rates continue to rise and this prevents students from finishing school, some have to take a break and pay off their loans before they can finish. Some never get a chance to go back because they can’ afford to pay for school while taking care of their family.

I think by surveying and conducting video interviews with students and athletes, I can draw in on some of the important issues of school tuition.  I want to sit down with at least three different athletes from different sports to see how they feel about the funding they receive. I want to see how they feel about knowing they aren’t getting the same as a football player does.

The Tobin (2005) article investigated how Division III schools don’t get funding like a big Division I school for athletes. They argue that this makes it hard to get athletes to come because most need scholarships to pay for schooling. They also look at how this plays into affect with their educational concerns. The Stone (2007) article talks about how colleges have become more of a corporation because of the decline in funding an increased tuition fees for public universities in the U.S and Canada. So as we see this isn’t just a problem that we are facing in the U.S, but I won’t be focusing on the problems with Canada school.