THURSDAY, OCTOBER 2

Stetson Tuition and Student Debt

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Student Tuition and Debt

There is nothing like receiving a scholarship to attend the school of your dreams — it makes everything seem to fall into place. But a year later, you begin to wonder how you will pay for the 4.5% increase in tuition while your scholarships stay the same. Most students do not put into consideration that tuition will increase each year and may make getting their college education a lot harder.

Look at the relationship between tuition and scholarships: it is unfair that tuition increases and scholarship money stays the same, or in some cases it is cut when the university needs funding for other projects.

Another thing to consider is that first year students at Stetson receive an extra $1,000 in scholarship if they fill out their FAFSA before the deadline. This is just one of a few one-time scholarships that we receive. Since they are not renewable by our second year of school, we have less scholarship money but more tuition to pay.

If you receive a merit-based scholarship and then receive a donor funded scholarship the amount of money from your donor scholarship will be deducted from the merit-based scholarship which saves Stetson money but leaves us with less money than we anticipated. Where exactly is all of this extra money going? How come we don’t have a right to say we want to keep all of the scholarship money we worked so hard for?

Having a college degree has become so essential to becoming successful in society and the name on your degree does matter because employees look at where you graduated. It is worth graduating from a great school known for its academics, which is what Stetson is known for. But is attending an expensive school for four years really worth it if you are going to come out with more debt than you anticipated? Is paying debt for the rest of your life really worth it?  Society says yes, but the debt we have to take on from the economic crisis and our college education makes me question everything: is it all really worth it?

This is not just a burden that private college students face but it is what every current, future and past student will deal with.

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