Financial stress is a significant hazard in university life, as students face rising tuition fees, housing costs, and other expenses. finances while balancing academics and personal life can lead to overwhelming stress.
Rising Tuition and Student Loans
The cost of higher education has increased significantly over the years, leading many students to rely on student loans. The burden of debt can weigh heavily on students, causing anxiety about their financial future. For some, the pressure to repay loans leads to working part-time or even full-time jobs while studying, which can negatively affect academic performance.
Living Expenses and Budgeting
Beyond tuition, students must also manage living expenses such as rent, food, and transportation. Many students struggle to create and stick to a budget, leading to financial instability. The inability to cover basic living expenses can result in increased stress, affecting both academic success and personal well-being.
Balancing Work and School
Many students take on part-time jobs to help cover their expenses. While working can provide financial relief, it also creates a time-management challenge. Balancing work and school can lead to exhaustion and reduced academic performance, creating a cycle of stress and anxiety.
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