How much did you have to pay for a year of college? Was it about $8,000? That is how much my mom paid for one year at Ohio University back in 1983, as an Ohio resident. If I wanted to go there today, according to the Ohio University undergraduate admissions director, it would cost about $10,000 per year. I know that most people would want to go to college; it is just the prices that hold them back. There are two reasons why I think people should save money for college.
To begin with, college is incredibly expensive, but not just because of tuition; my dad told me that it is also for living expenses, books, and supplies. If prospective students cant afford this they will probably have a limited education thus resulting in a mediocre job. For instance, tuition could be from a few thousand dollars to $35,000 a year. Books cost lots of money, too. Some can cost $200 each, and it is usually $500 per semester for book expenses. Computer expenses are fairly high as well. Some classes need people to change computers or they need to get specific types of software. These things really add up to high prices, but now add money for food, Internet, phone, and medical expenses. If people do not start saving now, then they are most likely not going to have the money for college. If people do not have money for college, then they may not go.
Furthermore, if people dont start saving for college at a young age but still want to go, then they will most likely get loans, which are not necessarily a good thing. For example, my mom told me that she did not save, so she had to get loans; then she had a really big debt and it took a long time to pay back. My dad did not have to get loans so he was debt-free until he married my mom. If people dont save at a young age, then they could be in lots of trouble later on in their lives. My mom said that she was in debt for five years, but that was only because some relatives sent her a financial gift. My mom went to college for five years and summer school twice, so the debt wouldve been around $40,000.
In summary, I think people need to save money while they are younger so that they do not go into debt. College is an invaluable opportunity to better ones future. If people do not save then they most likely will not be able to pay for college. They will either go into debt or not go at all. Therefore, they will probably get lesser paying jobs and may live horrid lives. This is why I think it is incredibly vital to save money for college.
