Plan For College

Friday, May 10, 2013

The Murky View on the Cost of College

Happy Graduation to the collegiate Class of 2013! This weekend is a big one for college graduations and the next few weeks will officially mark the start of 'life in the real world' for over one million young adults. Congratulations to those graduates and we hope you are excited for a brand new and exciting beginning!

Graduation season is also a good time to look at the higher education industry as a whole. One of the hot buttons, as you parents know, is cost. And the blogosphere and journalism world has provided some varying viewpoints recently. Has the cost of college gotten out of control this millennium?  Check out these eight articles that provide different ideas on the matter:

1. Just Explain It: Why Does a College Education Cost So Much?

It’s more expensive now than ever before to send your son or daughter to college. So in order to stay attractive, some universities are beginning to offer tuition discounts. But providing more financial aid to incoming students doesn't hide the fact that college costs are still very high.

2. College Struggling to Stay Afloat

Students piling on debt to go to college might attract all the attention, but colleges have been on a borrowing spree as well, nearly doubling the amount of debt they've taken on in the last decade to fix aging campuses, keep up with competitors and lure students with lavish amenities.

3. Is College Worth It?

As the cost of higher education skyrockets, a new Pew study finds that students and families are questioning its value.

4. Yes, College Is Worth It

The latest news from the Labor Department should help ease the pain: the unemployment rate for college grads in April was a reassuring 3.9 percent, compared with 7.5 percent for the work force as a whole.

5. Why a College Degree May Not Be Worth It

More Americans are going to college than ever before. Many graduates, however, are buried in debt with few job prospects.

6. Former Ed Secretary: Only 4 Percent of Colleges Worth the Money

At this point, it's an old story: College costs are wildly out of control. Americans owe more on student loans than they do on credit cards. Tuition costs have ballooned ­– even at public universities – and state budget costs could push them even higher.

7. 2013 College Education ROI Rankings: Does a Degree Always Pay Off?

Attending college is an investment of time and money. Make a decision that will pay off in the long term. PayScale has ranked more than 1,000 U. S. colleges and universities, including private, public and for-profit schools...


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