The Cost Of College Essay

1196 words - 5 pages

In the economically depressed world we live in today, the bottom line for students and parents when choosing a college is money. Although the thought of going off to college in the big city is both alluring and exciting, the price tag that goes along with it is not. Due to tighter wallets and budget cuts, students are beginning to re-consider their firm stance that they must go out of state for college. With all expenses considered, it is obvious that going to a local college is much cheaper than going to a university across the country. However, if your dream college is 3,000 miles away, there are many options that should be considered that will help pay for tuition, such as scholarships, loans, and working part-time. But even before this step, one must take into account every expense that goes along with that pricey college on the other side of the country; i.e. the application fee, room and board, and even the clothing required in that climate. All of these factors and more were considered when researching my two colleges, Arizona State University and New York University, and I determined that although ASU is the most financially viable, the education and pedigree I would receive attending NYU far outweighed the expensive tuition and other costs. Therefore, NYU, the more expensive school, is my first choice out of the two colleges. Although choosing a top college is an important step in the search process, planning on how to pay for it is the most important step. There are many different options available to incoming students, such as scholarships, loans, part-time jobs, working on campus,
or participating in Charity for Debt, a nonprofit that helps students pay off their loans through volunteer service. All of these options are very effective and useful, and in order to attend New York University, I would make use of scholarships, a loan, and a job on campus to pay for my education.
There are many scholarships available at NYU for incoming freshman who need assistance or deserve to receive credit for their academic history and accolades. One in particular that I would be eligible for is the ARCH Scholarship. This scholarship is given to students “who demonstrate financial need and who are committed to having a positive impact on the world." (“ARCH”). Not only does the award meet full need and is renewable over the four years of undergraduate study, there is a career development and internship program for those who are chosen, which will “introduce scholars to career options and help them to develop career potential and marketable professional skills.” (“ARCH”). Another great scholarship offered by NYU is the Martin Luther King Jr. Scholarship. Created in 1987, this program has awarded hundreds of need-based and merit scholarships to incoming freshman at NYU. The students awarded this scholarship “present records of outstanding academic achievement, leadership, and commitment to the principles of community service.” (“Martin Luther King...

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