College on Credit Has Kids Dropping Out

Autor/in	McGlynn, Angela Provitera
Titel	College on Credit Has Kids Dropping Out
Quelle	In: Education Digest: Essential Readings Condensed for Quick Review, 71 (2006) 8, S.57-60 (4 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0013-127X
Schlagwörter	Credit (Finance); Paying for College; Student Costs; College Students; Debt (Financial); Student Financial Aid; Higher Education; Dropouts; Hispanic American Students + Suchen Sie Ihr Suchwort? Credit; Kredit; Studienfinanzierung; Studienkosten; Collegestudent; Finanzielle Beihilfe; Studienförderung; Hochschulbildung; Hochschulsystem; Hochschulwesen; Drop-out; Drop-outs; Dropout; Early leavers; Schulversagen; Hispanic; Hispanic Americans; Student; Students; Hispanoamerikaner; Schüler; Schülerin; Studentin
Abstract	Starting college is indeed one of life's transitions that can be stressful. Many students are leaving home for the first time, leaving the support of family and friendship networks, and embarking on all kinds of challenges, including the stress of academic performance. Now financial distress plays an even bigger role than previously known. The National Association of Student Financial Aid Administrators (NASFAA) and other researchers say student credit card debt and defaults are spiraling: 24% of students actually charge tuition on credit cards; 71% are charging books and food. With 10% of these students unable to make even minimum monthly payments, this is a leading cause of dropping out of college. Some students do not understand the concept of credit cards. They see the plastic card as free money and do not understand the severe consequences of not paying it back. Some students approach the financial aid office only after they have such bad credit that many options are cut off to them. This article discusses alternative ways for students to fill the gap in meeting educational expenses instead of turning to credit cards and falling deeply into credit card debt. (ERIC).
Anmerkungen	Prakken Publications, 832 Phoenix Dr., P.O. Box 8623, Ann Arbor, MI 48108. Tel: 734-975-2800; Fax: 734-975-2787; Web site: http://www.eddigest.com/.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10