THE RISING COST OF EDUCATION AND ITS IMPACT ON STUDENTS.
Keywords:
socioeconomic disparity, government funding, financial models, increasing cost trends, financial anxietyAbstract
This article explores the rising expenses associated with higher education and their complex effects on students. The examination delves into the mounting weight of student loan debt, its effect on career decisions and future financial security, and the obstacles it creates for educational access, especially for individuals from underprivileged socioeconomic backgrounds. The article additionally probes the psychological repercussions of financial anxiety on students, encompassing its effects on academic success, mental health, and general well-being. By reviewing current studies and statistical information, this article contends that the climbing cost of education presents a substantial obstacle to students' opportunities and contributes to increasing socioeconomic disparities, calling for a thorough and just method to educational funding and accessibility. Possible measures, such as enhanced government funding, alternative financial models, and improved financial literacy initiatives, are also examined.
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