The New Worst Case Scenario
The cost of college has risen 250% since 1975, and student loan debt in the United States amounts to roughly $1.7 trillion. Students are graduating college without a job that matches their degree and are suffering financially under their debt load for the next 10 to 20 years.
Why is college so expensive today?
Are we making a mistake to assume that simply going to college will lead to financially successful lives?
Can you think of smart ways to save for college while children are young?
How can we do a better job of communicating programs that prepare students to take advantage of opportunities to enter post-secondary school with less financial burden?
NEXT STEPS TO CONSIDER
Evaluate your own personal resources and plans. How do you plan on paying for your child’s postsecondary education? What does that plan look like?
Teach your student about finances. Helping them to understand a budget like this one (College Board) will help them be prepared.