Stress. Anxiety. Money. Time. You may think these worries belong to working adults, but they’re also common among college students, particularly freshmen. Here are seven of the most common reasons why students drop out of college.
- Balancing work and school is too difficult.
Having to work is the number-one reason college students drop out, cited by 71 percent of students who left school. It’s just too difficult to find time for both. Struggling to work and study in the first year of college is often a sign that a student will not be able to get his or her degree. Of those students who failed to graduate, more than 6 in 10 said the statement “I had to work as well, and it was too stressful trying to do both” described their first year of school.
- Tuition is too expensive.
The second most common reason for a student to become a college dropout is the cost of tuition and fees. This is why tuition insurance is so crucial. While a student may be reluctant to pay for insurance on top of a big tuition bill, the cost is nominal compared to losing most or all of your pre-paid tuition because of a withdrawal mid-semester. Most colleges have a strict tuition refund policy that allows for only a fractional reimbursement when a student drops out after the first day or week of classes. Allianz Global Assistance tuition insurance covers the balance when a student withdraws for a covered reason, so you won’t have to shoulder a big financial loss.
- first years are more stressed than ever.
Stress in college students is reaching new highs. A study found that First years were studying more and socializing less than five years ago — good for grades, but bad for college mental health. Anxiety and depression in college students are serious health issues and should be treated as such.
- Many first years aren’t academically prepared for college.
Nearly 60 percent of first-year college students discover that despite being accepted into college, they must take bridging classes in order to catch up.
- Some first years socialise too much.
The siren call of parties, drugs and alcohol is strong. And the consequences can be serious. The good news is that drinking appears to be declining among new students, according to the large 2014 study. About a third said they had drunk alcohol at least occasionally in the past year, compared with almost half in a survey 10 years ago.
- Some first years aren’t emotionally ready for college.
Even students who are academically prepared may be overwhelmed by the prospect of so much independence and responsibility or daunted by the demands of schoolwork. “I think the biggest problem for me is that college is the beginning of adulthood, and I’m just not ready to grow up yet,” confesses one student.
If you’re a parent, talk to your college-bound child about his or her worries. If you’re a student, talk to your parents, and don’t hesitate to talk to counselors and resident advisors. Also remember there’s no rule that says, “Proceed immediately to college after high school, do not pass Go.” Taking a year to do other things may be the right decision for you..