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Is Going to School Worth the Cost for College Education

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The cost for college education has steadily increased over the years, and average family incomes are not keeping up. During the second half of the twentieth century, a good college education became available to members of the middle class for the first time due to the advent of federal student loan and grant programs. However, as the asking price of college education has grown by leaps and bounds, more and more young people are finding themselves in an enormous amount of debt. In the twenty first century, many people are asking themselves whether the cost of a college education is worth the benefits.

Certainly, there is extensive evidence that people with college degrees have more job opportunities and make a higher wage than those who have only graduated high school. However, for many individuals the cost for college education necessitates carrying a heavy debt burden that may cancel out those higher wages. It is therefore worth considering whether you actually need to attend college to have the career you want. If you want to go into a professional specialty like medicine or dentistry, then going to college and graduate school is not negotiable. In those cases, college education costs, however extensive they may be, must be viewed as an investment in the future. However, if your goal is to become an actress or a writer, I humbly suggest that you not go directly from high school to college because the cost for college education may not be worth it.

If you have artistic aspirations or want to go into communications or the entertainment business, it would behoove you to take a couple of years off to pursue those activities in the field because the cost for college education is so high. For example, if you want to be a Broadway entertainer, move to New York City, wait tables, take some individual acting classes with professional instructors, and audition as much as you can. Acting is a career that the exorbitant cost for college education is not worth forking over. If you find after a couple of years that you are not able to make a living as an actor, then you can consider a new career and reassess whether going back to school is worth the cost for college education.

3 Facts that will tell you the cost of college education

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The value of college education is immeasurable. However, the cost of college education is another matter. For many parents, as well as students who plan to support themselves, the price of college education seem totally unaffordable. And we have heard too many horror stories about college loans. So, what is really the cost of college education? To shed light into the current cost of a college education, here are three facts about college education cost.

First, according to the U.S. Department of Education Institute of Education Sciences National Center for Education Statistics, college education costs are significantly higher today than in the last couple of years. For the school year 2010 2011, the cost of undergraduate tuition fee, board and lodging is about $13,600 in public schools. For the same academic year the cost of undergraduate tuition fee, board and lodging in private and not for profit educational institutions is around $36,300. And for private for profit educational institutions, the cost for undergraduate tuition fee, board and lodging is around $23,500. This shows that the cost of college education in public school is about half the cost of college education in private for profit institution and it is even significantly higher in private nonprofit educational institutions. So if you are sending your child to the university in the next academic year, you can already see how much you will spend on the average.

Second, the cost of college education increased by 42 percent in under a ten year period in public institutions. From 2000 2001 academic year to 2011 2012 academic year, the cost of college education in public schools which included undergraduate tuition fee, board and lodging rose by 42 percent . For that same academic year comparison, in private not for profit educational institutions, the cost of college education, which included undergraduate tuition fee, board and lodging increased by 31 percent . For private for profit educational institution, the undergraduate tuition fee, board and lodging increased only by 5 percent . The rate of increase is already adjusted for inflation. This trend shows you how the cost of college education in the United States has increased in a decade. If you are sending your child in college in five years you can expect additional increase based on this statistics.

Third, the above stated cost of college education does not include other expenses, such as books. Books and other expenses vary per educational institution. In some universities, books and supplies can cost only $800. In some schools, the cost of books and supplies can reach $1,500 or more. It depends on the school and the program. Aside from these there are other expenses to be considered as you send your child to college.

Reducing the Average College Education Cost

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It is amazing to see just how much the average college education cost has changed. Just 20 years ago, the average cost of a college education was almost half of what it is today. Today, it is not uncommon to see the cost for a college education ranging anywhere from 10,000 to 30,000 a year for undergraduates.

This major increase in the average college education cost has many high school students and their parents wondering how they will cover the price of college education. Luckily, there are many solutions available to high school students and their parents.

The first solution available to high school students and their parents is the use of the government financial aid system. The government realizes just how expensive the cost of college education can be and they want to help. There are many government financial aid systems that offer grants to high school students who wish to attend college. These grants are awarded on an as needed basis and do not have to be repaid.

Another solution available to high school students and their parents who want to lower the average college education cost is a college scholarship. College scholarships can be available from the school itself or from another source, such as an organization or business. College scholarships can help reduce college education costs and just like grants, they don’t have to be repaid.

The last solution for high school students and their parents who want to lower the average college education cost is a work study program. Most colleges offer work study programs in an effort to help reduce the cost of a college education. A work study program requires students to work part time on campus in exchange for a discount on their tuition. The amount of hours they work will directly reflect how much they save on their college tuition.

The average college education cost might be on the rise, but there are resources parents and high school students can use to reduce that cost.

Why Colleges Should Address the Issue of Rising Tuition

Cost for college education

College education can be extremely expensive and college education costs are only going to go upward and still upward. The price of college education at places like New York University can be around 70,000 USD per year, when one takes into consideration the cost associated with room and board. Cost for college education is probably only going to continue to rise.

There are a lot of costs associated with getting a college degree and many of them are meant to be unrecognizable, like the cost of credit transfer, or the cost of reserving a spot in the graduation ceremony. But make no mistake, the cost of a college education is rising constantly. And it is for this reason that people should be careful when they consider these factors.

There was a time when college students could probably go to college without any of the expenses associated with a college degree that we know today. The idea of paying even five figures to go to college might have been unimaginable for many people. Let alone the notion that students would spend years paying off the cost.

There are many ways in which college costs should have dropped during the past few years. For example, college education should have been made less expensive through the wider availability of electronic documentation. However, this has not proved to be the case. If anything, as these costs have moved online, they have only become more expensive, perhaps because universities have seen it as license to become more complicated.

Colleges and universities need to do some heavy soul searching about how to bring the costs associated with going to college downward. This might be something that comes from enterprising individuals or it might be something that comes from within the system. But the cost of college education is definitely something which needs to be controlled.

Do You Regret College?

Cost for college education

College education costs are rising every year. It is to the point where the cost for college education makes higher learning completely out of reach for a large part of the population. If the cost of a college education does not make continuing education out of reach, it most certainly is setting up future graduates to decades of payments that will compromise their quality of life and above all, it can compromise their freedom.

I knew the cost of college education was high before I went off to school. But as the naive age of 18, I was sure that right out of college I would find an amazing job with an incredible paycheck and I would be able to pay any monthly payment because I was just that awesome. But that was really stupid. Many 18 year olds are stupid. For me, the price of college education, a commitment I made when I was a kid, is now preventing me from buying a home. It is preventing me from traveling. And it is forcing me to look for a paycheck instead of a job that would make me happy.

The price of college education is just out of hand. The price of college education in the United States has risen by two and a half times sine 1981. I just do not understand where this money is going. Is the university system as discouraging and unmindful about my money as the government? Where is this money going and why is the price of college education raising so darn quickly? I fear it is going to get to the point where the culture is doing to swing the other way until it is the norm for people not to plan to go to college. We are headed down a slippery slope with the continuously rising price of college education.

Learn To Pay for the Cost For College Education

Price of college education

While almost everyone knows a college education is necessary in order to get a good job these days, many potential college students and their parents are concerned about how they are going to pay for the cost for college education. While this can be a prospect that causes people to hesitate, there are ways to work around the price of college education and make it a little less expensive for the students and their parents. With some creative solutions on hand, everyone who wants to obtain a college education can do so.

Before deciding which route to take to address the issue of cost for college education, it is best for the student, and the parents if the student is still dependent on them for financial support, to completely fill out the Free Application for Federal Financial Aid, or FAFSA. Many colleges use this form as a way to determine how much financial help a student is eligible for when it comes to addressing college education costs. Once this form is filled out, the college can effectively determine what types of grants, loans and scholarships a student is eligible for. These can help make the cost for college education more affordable.

Depending on where the student wants to attend college will make a huge difference in the cost of a college education. In many instances, grants alone will not cover the entire cost of college education. Fortunately, there are a number of different loan options available for the student and their parents to take advantage of.

Work study programs are another possibility when a student is searching for ways to pay the cost for college education. In addition to a modest hourly wage, students also gain valuable work experience they can apply to their future goals when they participate in a work study program.

The rising costs of college education

Price of college education

The cost of a college education just seems to keep climbing higher and higher. Where students used to be able to get that two or four year degree without having to spend 15 years paying off that debt, that just is no longer the case. There are a bunch different contributing factors to the driving up of the cost of college education, and I shall list off a few.

Part of the increase in the cost of college education are third party payments. This is when someone other than the student (i.e. their parents, financial aid, scholarships, etc.) pays the tuition fees and other costs for the student to attend college. When students do not have to directly deal with what their cost for college education is, they do not develop an appreciation for just how expensive it is.

The exorbitant salaries of many Deans and other higher ups are driving up the cost of a college education. True, to attain the role of a dean (or other high ranking post) at a college is not a simple thing to accomplish. There are limited positions, and high requirements to get in. What is more, a dean has to deal with all the politics that is associated with the college, and if the public is dismayed at some practice that the college does, or some event that has transpired, it is the dean who must bear the burden of that. However, that does not mean that the dean should make such a tremendous amount of money that it affects the cost of a college education. And between the dean, associate dean, and other high ranking college officials, it does. If these top college executives want to make the sort of money that top executives in fortune 500 companies make, then they should go work for those companies.

College education costs rising can also be attributed to programs in place to help poor or disadvantaged students. This is a tricky area because while no one would want to see college student populations being solely comprised of middle and upper class students, there are students who are lower middle class who do not have much in the way of resources, but nevertheless end up paying increased tuition to support poorer students. With the cost of a college education what it is, we need to get these students some relief.

Understanding the cost of College Education

College education

College can be one of the most rewarding and beneficial experiences in a person’s life. But college education costs are high, and with no ceiling in sight, learning how to budget for a quality college education will be helpful. You cant put a price on education, but the cost of college education leaves something to be desired. It can take years to save for college before school and still more to cover the cost of college education once graduated. However, tax benefits help make saving for the price of college education possible. Specialized accounts and investment tools can help when figuring out the cost of college education. While considering which savings tool is right for you, be sure to consider the fees, potential returns, investment options and risks. One way to tackle the college education cost is through a 529 College Savings plan. This plan is provided in part, by the state in which you live, and offers tax free growth for investments. No federal taxes are withdrawn if funds are used specifically for room and board, tuition, books and other college expenses. Setting up a bank account specifically for college education cost, is another way people manage college savings. Some families prefer traditional bank based savings accounts. And while you cannot lose money in these accounts, they provide no tax breaks. Interest will only increase based on what you put in to the cost for college education. Using other forms of accounts are another way people save for college education cost. These options include a custodial bank or brokerage account, which also offer no tax advantage. They can be opened on behalf of a child or as part of a Coverdell Education Savings Account, which has a contribution limit of $2,000 per child.

The type of school a person is interested in attending is important. Community colleges offer many of the same courses major universities offer at a fraction of the cost of college education and students of many community colleges can still get the college experience of living and studying on campus that those at universities or state colleges offer. The cost of college education associated with community college is a affordable to most people, making it a viable education option. Getting an education at a state college or private university also has perks. World class educational institutions often produce some of the most talented, productive members of society. So, no matter which route a person takes, learning how to afford the college education cost will be key to a successful college experience.

How to Save For The Cost of College Education

Price of college education

College can be one of the most rewarding and beneficial experiences in a person’s life. But college education costs are high, and with no ceiling in sight, learning how to budget for a quality college education will be helpful. You cant put a price on education, but the price of college education leaves something to be desired.
Depending on what type of school a person is interested in attending is important. Community colleges offer many of the same courses major universities offer at a fraction of the cost and students of many community colleges can still get the college experience of living and studying on campus that those at universities or state colleges offer. College education cost associated with community college is a affordable to most people, making it a viable education option. Getting an education at a state college or private university also has perks. World class educational institutions often produce some of the most talented, productive members of society. So, no matter which route a person takes, learning how to afford the college education cost will be key to a successful college experience.
It can take years to save for college before school and still more to cover the cost of a college education once graduated. However, tax benefits help make saving specifically for college and other education expense possible. Specialized accounts and investment tools can help when figuring out the cost of college education.
While considering which savings tool is right for you, be sure to consider the fees, potential returns, investment options and risks.
One way to tackle the college education cost is through a 529 College Savings plan. This plan is provided in part, by the state in which you live, and offers tax free growth for investments. No federal taxes are withdrawn if funds are used specifically for room and board, tuition, books and other college expenses.
Setting up a bank account specifically for college education cost, is another way people manage college savings. Some families prefer traditional bank based savings accounts. And while you cannot lose money in these accounts, they provide no tax breaks. Interest will only increase based on what you put in.
Using other forms of accounts are another way people save for college education cost. These options include a custodial bank or brokerage account, which also offer no tax advantage. They can be opened on behalf of a child or as part of a Coverdell Education Savings Account, which has a contribution limit of $2,000 per child.

The Benefits of a College Education

College education cost

Whether you believe your parents or not, the truth is, there are several benefits to earning a college education that can dramatically improve your quality of life. While college education cost is regularly cited as a defining factor on whether or not an individual moves onto a higher learning institution, it should not be a complete deterrent.

First, you have a higher earning potential. While college education costs are high, having a college degree is linked to higher pay, according to a 2010 Educations Pays report from the College Board. The median earnings of bachelor’s degree recipients working full time year round in 2008 were $55,700, which is $21,900 more than what individuals with only a high school diploma earned.

College grads are also more likely to make healthier life style choices. For instance, they are less likely to smoke and more likely to exercise compared to high school grads, according to the College Board report, Education Pays 2010.

Finally, college graduates have been shown to be more likely to have employer provided health care coverage. This in itself offsets the cost of a college education. Better health care for yourself and your family should be something you are invested in. Nearly 70 percent of college graduates had employer provided health insurance, while only 50 percent of high school graduates had that benefit, according to a 2008 report by the College Board.

While the cost of college education can be a deterrent, it should not be. College offers you the opportunity to not only master a specific field, but also the chance for better opportunities down the road. Loans are available to help you offset the price of college education, and community colleges offer the chance for a less expensive option. Do not let the price deter you from a better life down the road.

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