College Financial the Value of Thesis

Excerpt from Thesis :



Education on managing or eliminating debt early in one's professional life should also be combined with realistic education on the state of the economy and the impact which this has levied on personal opportunities for financial comfort. To this point, individuals are not finding the jobs for which their education has qualified them, are not achieving a pay commensurate to what they anticipate are their living requirements and are unable to afford many of the fundamental instruments to healthy and intelligent living. Indeed, one source denotes that "in 2007, the Census Bureau estimated that there were nearly 8 million uninsured young adults (ages 18-24), making them the largest segment of the uninsured population. That problem is likely to be compounded with the rise in unemployment and lack of new jobs resulting from the current economic recession." (E-Health Insurance, 1)

Because such matters should be considered a significant priority, the budgetary focus of a financial management course could be central to teaching students how to make the spending sacrifices that will allow them to afford health insurance or other major living expenses that have not yet been encountered. Such revelations that the student will now have to make his or her own insurance payments after being supported either by parents or by the university's facilities in the healthcare capacity can be a rude awakening. Proper financial management instruction could help students to forego the shock of this new expense and instead help them to
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prepare for this reality.

Ultimately, students must also be made aware of the challenges that are unique to them in this station of life. Particularly, graduates must face a host of difficulties in adjusting to the working world which are distinct to their situation. The cost of college alone assures this, with a tuition and housing index that has risen more than 26% in less than a decade. (Murphy, 1)

Gaining one's foothold in the world by finding a job, a place to live and a personal lifestyle can be difficult. The financial parameters are among the most determinant of this difficulty. As it falls upon the university to prepare its students for these difficulties, there is no area of greater importance than that of finance. A mandatory focus on this area can improve the prospects for graduates in going forward and can thus have the effect of improving the overall future health of our economy.

Works Cited:

Doyle, J. (2008). Credit Nightmares. NPC. Online at http://www.npc.org.uk/media/newsfromprospectsarchive/creditnightmares

E-Health Insurance. (2009). Seven Tips for College Graduates Seeking Health Insurance. Young Money.

Hilpern, K. (2006). Student debt: are you on top of what you owe? The Independent. Online at http://www.independent.co.uk/student/postgraduate/student-debt-are-you-on-top-of-what-you-owe-475696.html

Lazarony, L. (2008). 12 money-management tips for college students. Bankrate.com.

Murphy, H. (2008). Where Did All My Money Go? College Bound Network. Online at http://www.collegebound.net/content/article/where-did-all-my-money-go/1713/

Newman, C. (2009). How to Live on a Budget and Still Have a Life. Young Money.

Usigan, Y. (2008). Be Credit Card Savvy. College Bound Network. Online at http://www.collegebound.net/content/article/be-credit-card-savvy/2031/

Sources Used in Documents:

Works Cited:

Doyle, J. (2008). Credit Nightmares. NPC. Online at http://www.npc.org.uk/media/newsfromprospectsarchive/creditnightmares

E-Health Insurance. (2009). Seven Tips for College Graduates Seeking Health Insurance. Young Money.

Hilpern, K. (2006). Student debt: are you on top of what you owe? The Independent. Online at http://www.independent.co.uk/student/postgraduate/student-debt-are-you-on-top-of-what-you-owe-475696.html

Lazarony, L. (2008). 12 money-management tips for college students. Bankrate.com.

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