Are future college expenses weighing on your mind? If so, that makes sense because, according to the Education Data Initiative, the cost of a college degree has more than doubled during the 21st century. But wait, there’s more: The average cost of college in the U.S. is $35,551 The cost of college has an annual growth rate of 6.8% The cost of a bachelor’s degree can exceed $500,000 With skyrocketing education costs, planning for your [...]
If parents could describe college planning in one word, it would be Stressful! Parents have so many questions swirling in their minds, like How much does it actually cost? Where will my child go to school? How early should I start saving? Am I capable of paying the entire cost without uprooting my own financial goals? Is my child aware of the financial implications of student loans? Fortunately, hope is not lost! With a sound [...]
As many of you probably already know, the average cost of college in the United States has skyrocketed over the last couple of decades. In a 20-year time frame (according to educationdata.org), the average price per year has tripled and is now roughly $35,720. That is $142,880 for a 4-year degree! Why have college costs ballooned so much? What can parents and students do to prepare for this financial burden? College Tuition Is On The [...]