College Costs… really?!
“In these agonizing months between the completion of college applications and the arrival of the first envelopes in the spring, many high school seniors and their parents are speculating about whether the economic downturn will harm their chances of admission to one of the nation’s top colleges and universities. And a few well-to-do parents I know have even confessed their hope that hard times and declining endowments may have improved their children’s chances of admission, as colleges look for full-paying freshmen.” (Steven Brint, Sunday, January 10, 2010)
So what does this mean for you? I mean how many of us have $20k laying around, every year, to pay for college? Not as many as who certainly don’t. This means that parents need to be especially frugal, it means that students will have to work that much harder to find the right college fit for them. It means that parents and students will have to start early and have to be honest with each other about their hopes and expectations. If you family cannot afford an Ivy Education, be real about that! Don’t hold that expectation so high that you increase your college debt for no good reason!
Choosing the right college for you may be the best decision you can make, there are tons of great colleges that no one talks about, and you’ll probably find that you can afford them better!