Tuesday, May 15, 2007

The Cost of College

Anyone can tell you that going to college is an expensive venture. However, the cost of most 4-year institutions is so high that most students, from all income levels, are having to seek additional financial aid to help cover the cost. For students that require financial aid to cover the majority of the cost they will likely remain in debt for most of their professional life. This article by National Underwriter looks at the rising cost of college and how students will be required to make payments for many, many years to come.

Although I hate to see students go into debt, this has quickly become a necessary evil. As a result, I can only stress that students enter college when they are truly ready. A student should have a pretty good idea of what they want to accomplish as a student, and where they are trying to go professionally to make the experience be as cost-effective as it can be. I no longer agree that students should use college as the place to "find themselves", it is just to costly a venture.

For students who know they want to go to college, but are not exactly sure what they want to major in or do professionally, instead of going into unnecessary debt by attending a 4-year institution, you should truly investigate 2-year colleges. This allows you the opportunity to get college classes under your belt, expose you to a wide range of disciplines, as well as give you addition time to think about how to plan for your future. You are still in college, however at a fraction of the cost.