Here are some of my sources that have helped me form my case:
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
Saturday, March 30, 2013
My Case
Because of all of my research, my case is going to be that less parents are paying for college. My case is going to be that parents aren't really paying for college anymore and that the students are actually paying for it by themselves. I've found many articles online that really help my case and also personal stories within these articles. Some articles say that parents do still pay for college but more sources say that students are paying. So my case is going to be that more and more students are paying for their own higher education now a days. I need to find out more details about percentages of students who get loans and scholarships here at Rutgers by meeting with someone who works here but I am still having a difficult time knowing who I should meet with at the university.
Here are some of my sources that have helped me form my case:
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
Here are some of my sources that have helped me form my case:
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
http://search.ebscohost.
Monday, March 11, 2013
Literature Review #3
Another very useful article I chose to use for my research is entitled "Parents Worried About Funding Costs of College Education." This is a different type of article that I'm used to reading thought because it isn't really written by one author. This article is written by Petersen International Underwriters (PIU). Petersen International Underwriters provides insurance solutions for different problems that people may have such as medical issues, life, and contingency risks. So they are very informed about insurance for many different situations so their article is very factual and full of information based solely off facts which is great so there's no bias. For almost forty years PIU has been recognized nationally and internationally for their experience in the insurance industry so I trust that this article has correct information. This is why they wrote this article about parents paying for college because it is considered a contingency risk. This article is the most factual article I have found so far so I think it will be really important for my research. It provides statistics about parents paying for college and how many parents do and do not help their children with college. This is exactly what my paper is about so this article is a wonderful addition to my sources. This article will really help me with the statistical aspect of my paper. This article discusses how parents are really not able to help their children as much as parents could in the past when it comes to paying for a college education. "34 percent of these parents have either decreased the amount they are saving or have stopped saving completely for their children's future college education." This is a pretty large amount of parents who aren't helping their children out anymore. There's a reoccurring theme I am seeing in many articles that I am finding and it's in this one as well. How parents are risking retirement for their children's college education. "35 percent of all parents fear they will need to delay retirement to meet college expenses." Having children pay for their own education seems to be becoming more and more popular as the economy is getting worse. The idea of student loans are also becoming more popular and many parents are having their children take out these student loans. "more parents (62 percent in 2008 vs. 53 percent in 2007) are planning to rely on student loans to help fund expenses."
Key Terms:
contingency- "A future event or circumstance that is possible but cannot be predicted with certainty"
expenses- "The cost required for something; the money spent on something"
This is the Petersen International Underwriters shield.
Petersen International Underwriters. "Parents Worried About Funding Costs of College Education." Parents Worried About Funding Costs of College Education 104.1 (2009): 32. Print.
Key Terms:
contingency- "A future event or circumstance that is possible but cannot be predicted with certainty"
expenses- "The cost required for something; the money spent on something"
This is the Petersen International Underwriters shield.
Petersen International Underwriters. "Parents Worried About Funding Costs of College Education." Parents Worried About Funding Costs of College Education 104.1 (2009): 32. Print.
Sunday, March 10, 2013
Literature Review #2
The article I chose to review for this blog post is titled "The Parent Trap: Paying for College vs. Retirement" by Christine Dugas. This article is from USA Today and it talks about parents decisions when paying for college. This article states that "Yet last year the number of parents who withdrew or took a loan from their 401(k) plans more than doubled, to 7.4% from 3.4% in 2009, according to a recent Sallie Mae and Gallup study." So many parents are tapping into their 401(k) plans and taking away from their retirement funds just to help their children pay for college. College has just become so expensive and some parents are willing to risk their future plans with retirement to help their children out. According to this article, "Among parents who are planning for their children's college, 24% say that they tap their retirement accounts." This is a risky choice that many parents are making because many parents are willing to do anything for their children now a days. Many parents think of their children coming first and their children's plans to be more important than their own. "Parents are often willing to put their children's needs before their own. "If you look at human behavior, they are going to address the issue of concern that is most immediate," says Jean Setzfand, financial security director at AARP." So this article pretty much talks about how so many parents are indeed helping their children pay for college and in many cases the parents are taking money out of their retirement plans. But the article also talks about how parents don't need to do this because there are many ways that kids can pay for their own higher education. They can take a year off in between high school and college and save money for college or they can go to a community college for the first two years and live at home to save money.
Christine Dugas is a personal finance reporter. So she is definitely knowledgeable about spending money and the importance of money in today's society. She specializes in the topic of retirement which isn't my topic but it can definitely effect my topic and relate to it. Many parents are spending their retirement money on their children's higher education so these two topics are closely related in this article. Christine Dugas writes for USA Today. This article directly relates to my topic and my research I think this is the best article I've found so far because it really gives statistics about the amount of parents who are helping their kids pay for college. This is a reliable source with statistical information that relates to my topic.
Terms:
401(k)- "A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis"
Savings- "An economy of or reduction in money, time, or another resource"
Christine Dugas is a personal finance reporter. So she is definitely knowledgeable about spending money and the importance of money in today's society. She specializes in the topic of retirement which isn't my topic but it can definitely effect my topic and relate to it. Many parents are spending their retirement money on their children's higher education so these two topics are closely related in this article. Christine Dugas writes for USA Today. This article directly relates to my topic and my research I think this is the best article I've found so far because it really gives statistics about the amount of parents who are helping their kids pay for college. This is a reliable source with statistical information that relates to my topic.
Terms:
401(k)- "A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis"
This is a photo of Christine Dugas.
Dugas, Christine. "The Parent Trap: Paying for College vs. Retirement." USA Today 23 Aug. 2011: n. pag. Academic Search Premier. Web. 25 Feb. 2013. <http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=J0E177424689411&site=ehost-live>.
Friday, March 1, 2013
Research Proposal
Working Title: How are you Paying for College?
Topic
I will explore the different ways that students are paying for college now a days. I think I am going to survey a certain amount of students on how they pay for college. I think I want the survey to contain information from various students who do different things at Rutgers. Such as the athletes and see how they are paying as opposed to a non-athlete. I need to brainstorm a little more about the survey aspect of my project and see if it’s going to help me at all. I might have to come up with a more specific survey but I haven’t thought of it yet. I need to do more research from articles and books to see what they say. This will help me discover how many students receive help from the college to pay for their schooling. The surveying of students will help me see who is paying for college entirely by themselves, or with the help of their parents or not at all and their parents are taking care of the whole thing. My main interest in my research is how many parents are paying for college now a days? I want to know if more students are paying for college alone or if more students’ parents are still paying.
Research Question
How are students paying for college in today’s society? Are parents mostly paying for their children’s higher education? Or is it a group effort and both the student and the parents are sharing the payment?
Theoretical Frame
In the article, The parent trap: Paying for college vs. retirement, the topic of parents spending their money saved for their retirement on their kid’s college payments. This article talks about how parents are starting to save money for their children’s higher education when their children are as young as three years old. The price of college has just continued to rise. O over the years so starting that young might not even be as crazy as it sounds. I want to know if all parents do this though. Should the students be paying? This article also talks about how parents shouldn’t be using their retirement funds to pay for their child’s higher education. This article talks about how there are other ways besides using parent's saved retirement funds. “‘Because of the loss of home equity and the tighter credit market, families are eyeing their retirement funds for other uses,’ says Kent Allison, a partner at PricewaterhouseCoopers' financial education practice. But that, say financial planners, is not a good move because there are a number of ways to fund a college education, such as loans, scholarships and financial aid. Saving for retirement should be a bigger priority.” This author’s theory is that there are other ways for college to be paid for instead of solely by parents. So does this mean that most families are trying this theory of taking out loans and having their child help pay for their own education or are parents still trying to take on the payments by themselves? My theory is that it must depend on the family’s financial situation. I’m sure there are many families who can afford to pay for their child’s education but I also think that there are more families who cannot afford to do that. My theory is that it also has to do with how many children are in the family. If there are more kids in a family, the parents will most likely be less able to pay for their education. If there are two or less children in the family, maybe it is more possible to pay for it or to help their children pay for it. My theory is going to be assessed through both the articles and books I read and from the survey I come up with. My theory will be based off of the percentages of students whose parents pay for college or the other way around. I think I will have to make this survey very public in some way, maybe posting on the internet and around campus about it to get as much information as possible to make my theory as accurate as I possibly can.
Research Plan, Case or Additional Questions
I plan on doing a lot of research from recent articles while also interviewing students. I think the interviewing part is very crucial to my topic. I am going to use three articles I found that greatly relate to my topic. The first one being The Parent Trap: Paying for College Vs. Retirement by Christine Dugas. This article really helps answer my question about just who is paying for college. There are also helpful tips and tools in this article to help parents spend less money on their children’s education by helping them receive scholarships and taking out loans. I will also be using an article entitled, Who Pays for College? by Janet Bodnar. This article is perfect for my research. My research question is the title of this article so it has great information and answers to my research question. The last article I found so far is called College Saving Plan: A Bad Gamble by Kevin Carey. This article goes along with the first paper I wrote about the risk of going to college and to pay so much money for a degree that might not make the student enough money. This also goes along with my question though because this article talks about whether spending so much money is worth it and who indeed is paying for the higher education.
I am also going to look into using some books I found at the library. I found them on the online search so I still have to go find them and see if they’re useful. I might just have to end up finding and using more articles since my topic is more of a recent issue that hasn’t really been written about in books yet.
Topic
I will explore the different ways that students are paying for college now a days. I think I am going to survey a certain amount of students on how they pay for college. I think I want the survey to contain information from various students who do different things at Rutgers. Such as the athletes and see how they are paying as opposed to a non-athlete. I need to brainstorm a little more about the survey aspect of my project and see if it’s going to help me at all. I might have to come up with a more specific survey but I haven’t thought of it yet. I need to do more research from articles and books to see what they say. This will help me discover how many students receive help from the college to pay for their schooling. The surveying of students will help me see who is paying for college entirely by themselves, or with the help of their parents or not at all and their parents are taking care of the whole thing. My main interest in my research is how many parents are paying for college now a days? I want to know if more students are paying for college alone or if more students’ parents are still paying.
Research Question
How are students paying for college in today’s society? Are parents mostly paying for their children’s higher education? Or is it a group effort and both the student and the parents are sharing the payment?
Theoretical Frame
In the article, The parent trap: Paying for college vs. retirement, the topic of parents spending their money saved for their retirement on their kid’s college payments. This article talks about how parents are starting to save money for their children’s higher education when their children are as young as three years old. The price of college has just continued to rise. O over the years so starting that young might not even be as crazy as it sounds. I want to know if all parents do this though. Should the students be paying? This article also talks about how parents shouldn’t be using their retirement funds to pay for their child’s higher education. This article talks about how there are other ways besides using parent's saved retirement funds. “‘Because of the loss of home equity and the tighter credit market, families are eyeing their retirement funds for other uses,’ says Kent Allison, a partner at PricewaterhouseCoopers' financial education practice. But that, say financial planners, is not a good move because there are a number of ways to fund a college education, such as loans, scholarships and financial aid. Saving for retirement should be a bigger priority.” This author’s theory is that there are other ways for college to be paid for instead of solely by parents. So does this mean that most families are trying this theory of taking out loans and having their child help pay for their own education or are parents still trying to take on the payments by themselves? My theory is that it must depend on the family’s financial situation. I’m sure there are many families who can afford to pay for their child’s education but I also think that there are more families who cannot afford to do that. My theory is that it also has to do with how many children are in the family. If there are more kids in a family, the parents will most likely be less able to pay for their education. If there are two or less children in the family, maybe it is more possible to pay for it or to help their children pay for it. My theory is going to be assessed through both the articles and books I read and from the survey I come up with. My theory will be based off of the percentages of students whose parents pay for college or the other way around. I think I will have to make this survey very public in some way, maybe posting on the internet and around campus about it to get as much information as possible to make my theory as accurate as I possibly can.
Research Plan, Case or Additional Questions
I plan on doing a lot of research from recent articles while also interviewing students. I think the interviewing part is very crucial to my topic. I am going to use three articles I found that greatly relate to my topic. The first one being The Parent Trap: Paying for College Vs. Retirement by Christine Dugas. This article really helps answer my question about just who is paying for college. There are also helpful tips and tools in this article to help parents spend less money on their children’s education by helping them receive scholarships and taking out loans. I will also be using an article entitled, Who Pays for College? by Janet Bodnar. This article is perfect for my research. My research question is the title of this article so it has great information and answers to my research question. The last article I found so far is called College Saving Plan: A Bad Gamble by Kevin Carey. This article goes along with the first paper I wrote about the risk of going to college and to pay so much money for a degree that might not make the student enough money. This also goes along with my question though because this article talks about whether spending so much money is worth it and who indeed is paying for the higher education.
I am also going to look into using some books I found at the library. I found them on the online search so I still have to go find them and see if they’re useful. I might just have to end up finding and using more articles since my topic is more of a recent issue that hasn’t really been written about in books yet.
Bibliography with Five Scholarly Sources
Bibliography
Bodnar, Janet. "Who Pays for COLLEGE?" OmniFile Full Text Mega (H.W. Wilson). N.p., Sept. 2006. Web. 25 Feb. 2013. <http://search.ebscohost.com/login.aspx?direct=true&db=ofm&AN=504222939&site=ehost-live>.
Carey, Kevin. "College Savings Plans: A Bad Gamble." Chronicle of Higher Education 8 May 2009: PA56-A56. OmniFile Full Text Mega. Web. 25 Feb. 2013. <http://search.ebscohost.com/login.aspx?direct=true&db=ofm&AN=508065461&site=ehost-live>.
Dugas, Christine. "The Parent Trap: Paying for College vs. Retirement." USA Today 23 Aug. 2011: n. pag. Academic Search Premier. Web. 25 Feb. 2013. <http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=J0E177424689411&site=ehost-live>.
Paying for College: Innovative Private-sector Proposals to Complement Record Federal Investment in Student Aid : Hearing before the Subcommittee on 21st Century Competitiveness of the Committee on Education and the Workforce, U.S. House of Representatives, One Hundred Ninth Congress, Second Session, May 23, 2006. Washington: U.S. G.P.O., 2006. Print.
Paying for a College Education: Barriers and Solutions for Students and Families : Hearing before the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness, Committee on Education and Labor, U.S. House of Representatives, One Hundred Tenth Congress, First Session, Hearing Held in Washington, DC, May 1, 2007. Washington: U.S. G.P.O., 2007. Print.
Washington : U.S. G.P.O. "Paying for College [electronic Resource] : The Role of Private Student Lending : Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, First Session." Paying for College [electronic Resource] : The Role of Private Student Lending : Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, First Session ... Wednesday, June 6, 2007. N.p.: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs., n.d. 110-917. Print.
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