If you have kids, no matter their ages, chances are you’ve thought about college expenses.
Unless you live outside of the US.
Why is college (or university) so expensive in this country? We’re all pretty familiar with the statistics at this point. College tuition costs in the US have increased by 498 percent between 1985 and 2011, which is at four times the rate of inflation.
And there’s little chance that costs will decrease any time soon, since there are so many government subsidies and low-interest loans thrown in to cushion the shock of those high costs.
In spite of such subsidies, 68% of undergraduates are leaving school with debt, and that average debt burden is $30,100 per student. That’s to say nothing of debt from masters’ and doctoral programs. Continue reading “How Do You Plan to Pay for College?”