Every once in a while, we discuss college with the kids. I have never been fond of the whole college thing. For one, only a mere fraction of adults I know ever used their college education for their eventual chosen career. And college is so wickedly expensive! HOW do you parents ever afford such stuff?? Even if a lot of the tuition is funded by the government (which doesn’t mean it’s free, it merely means that our taxes go up and up to pay for others’ tuition), the cost is still out of this world.
I saw this particular infographic at a northeast university. It’s HUGE (sorry for the length) but very enlightening. It explains the complicated loan options available.
I am shocked that 2/3 of students leave college with huge debt. I thought for sure that it would be 3/3! lol. And college costs have risen 90 percent since 1978. Wow, that’s just phenomenal. I wonder if government-funded tuition-welfare programs have driven that up.
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Anyway, online college looks better and better… but even the costs for that are going up because it’s becoming so popular. With many kids graduating from college $100,000 or more in the hole, I am absolutely baffled by how parents afford this. Tell me how you guys do it!