Tonight, I watched a documentary on YouTube called “The College Conspiracy”, and it was probably one of the most interesting 60 minutes that I have watched in a while.
There’s just something about documentaries that gets me so interested, and it hits even closer to home when it’s on something that affects me directly, such as the costs of education.
The documentary discussed how many student after they graduate high school go off to college with the assumed idea that if they get their degree, they will automatically get a job afterwards. Not even that, but that said job will automatically pay more than if they had entered the work force directly after high school. The documentary pointed out that student loan debt is now higher than credit card debt, and that students are being blind-sighted post-graduation by have no job, no savings, and massive heap of debt that is supposed to be paid back within 10 years.
As for myself, I’m trying so hard to be a little more conscientious about how much debt I’m piling on.
My estimated cost of attendance for the 2012-2013 school year at USF is about $20,390.
The break down of that is this:
Books and Supplies $1,000.00 Personal Expenses $2,500.00 Room and Board $8,960.00 Tuition and Fees $6,330.00 Transportation $1,600.00 Total: $20,390.00
When I saw this number a year ago, I thought that it was typical. According to “The College Conspiracy”, which was released in 2011 by the National Inflation Association, the average cost of college is $27,293 per year. I guess that puts USF below the average, but I don’t see that lasting a whole lot longer.
I remember watching news headlines towards the end of my senior year of high school that talked about budget cuts to universities all across the state of Florida. Even worse, talks of tuition hikes were out there as well.
Imagine what this type of news must sound like to a soon-to-graduate high school senior, who spent months on college apps, applying for scholarships, and had just received her financial aid package for the upcoming school year.
Man, did that aid package scare me the first time I saw it. I was offered the max amount in Federal Stafford loans, but it was all unsubsidized. For those who aren’t familiar with student loans, unsubsidized means that I have a 6.8% interest rate the begins the second they give me the loan.
I was also offered my academic scholarship ($2,000 a year), as well as the Florida Bright Futures award ($100 a credit hour or on average $3000 a year).
The rest of my aid was met by the form of Parent PLUS loans, which is a loan that a student’s parent of legal guardian can take out in order to help their student pay for school. My parents had also signed my sister and I up for the Florida Prepaid College plan, and that came to good use as well.
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My goal when I decided I wanted to go to college was to do so debt free. Little did I realize that it took a lot more than just saying I wanted to accomplish it for it to actually happen. My first year at USF is going to continue on this way, but next year I’m going to look at cutting costs wherever I possibly can.
I don’t intend to buy a meal plan, they’re required for first year students at USF, and I honestly believe I can eat a lot cheaper by going to the grocery store once a week. I plan to get all of my books online and early next year, so that the costs can be cheaper than they were at the bookstore. I’m also planning on applying for a lot more scholarships, hopefully some that apply to my major.
I don’t want to be part of the overwhelming student loan crisis. “The College Conspiracy” reminded me how crazy it is getting for students who insist on going to the best schools not matter what the cost. I’m very glad that I chose USF, a public in-state school, over other universities I had been considering. I feel I am learning a lot and experiencing many new things in Tampa.
More than anything, I’m praying these opportunities and learning experiences help me find a job once I graduate.
A large part of the field in journalism is simply gaining experience. A guest speaker from the Tampa Bay Times talked about what it’s like looking for a job post-graduation, and one of the things he said was that a lot of times it’s not about your GPA or your test scores. In journalism, it’s about the clips and the experience that you can present to employers.
So every time I contact someone for an interview, every time I stay up late writing a story on deadline, and every time I see my byline on the front page… I hope I am doing the right thing.
I guess that’s all I can really do while in school: work my ass off, and hope for the best.