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Wednesday, April 16, 2008
Higher price for higher education
The Atlanta Journal-Constitution
People are paying more at the gas pump and the grocery, so should we be surprised that parents and students will soon pay more for college?
The Board of Regents Tuesday approved tuition increases at the state’s public colleges and universities. Incoming freshmen will pay 5 percent to 8 percent more than last year’s freshman class.
Few are surprised anymore when college tuition goes up. But with other rising expenses, I wonder how this increase will affect families.
So many students already use scholarships, grants and loans to pay for college. More than $17 billion in private student loans were issued in 2006, up from $4 billion in 2001, according to national studies on student lending. Many also work part-time jobs. Still, they spend years after graduation paying off college debt.
How worried are you about paying for college? What arrangements are you making with your kids about who will pay for higher education?
