Rising College Expenses: Social Impact

By Margarita Williamson, Trending Writer

The importance of acquiring a higher education is a concept pushed early on in schooling. Access to education is a key component of the American dream, but the rise in college expenses makes that dream quite costly and often unattainable. The high costs of education cause people to put off earning a college degree or to make sacrifices that place burdens on their families.

Students rely on a combination of scholarships, private, and federal loans to pay for their college education. Layla Ogletree, a Freshman majoring in physics and mechanical engineering, said her parents were not able to take out private loans to cover her college costs so she relies on the aid of federal loans and scholarship. “If I get a job right out of college, which I truly hope I do, a good amount of my pay check every month will go to paying off my education,” Ogletree said. “Depending on how well-paying the job is will dictate how long I will have the loans.”

According to the Seton Hall website, tuition and fees generally increase 3 percent annually. The rise in tuition and college expenses can be very overwhelming for students. Seton Hall partnered with SALT, an online platform that serves to help students manage their personal finances. Students receive instruction on how to borrow money and on how to successfully pay back their loans. On a monthly basis, students receive emails from SALT that encourage them to create a SALT account and to take a free course. As an incentive for students to use SALT they are entered into a raffle to win a $50 gift card to the University Bookstore upon completing a SALT course.

Molly Gardner, a Junior majoring in nursing, said she has tuition remission because her parents are employees of Seton Hall. According to the Seton Hall website, tuition remission covers only the cost of tuition. All other expenses such as textbooks, registration, and room and board are the responsibility of the student. Gardner said she took out student loans for other college expenses. “I think about my student loans, but not as much as my friends do,” Gardner said. “I took out a manageable amount so I will still be able to pay for graduate school.”

A version of this article appeared in the Tuesday, December 10th print edition.

Contact Margarita at



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