Having said the above the objective of this particular research study is to understand the break up of costs that are incurred by students who pursue higher education and to understand if there is a difference in the amount of debt and expenses that are carried by individuals based on their gender or age. In this research study we also aim to understand the optimism or concern shown by individuals with regard to their levels of debt.
Due to the increases in the cost of higher education many poorer individuals have been found to opt out of higher education (Galindo-Rueda, Fernando, Oscar Marcenaro-Gutierrez, and Anna Vignoles, 2004). The study that was carried out to study the connection between socio economic standing and higher education found that when compared to the number of students opting for higher education in the 1994 from low socio economic backgrounds - those opting for higher education in 2001 have been significantly less and this was found to be a direct result of the increase in the cost of higher education and the cost of all related expenses such as traveling, living expenses and accommodation that resulted in an individual pursuing higher education.
Further it was fou ...Show more