Schools continue to compete for students by working to attract top faculty, build and maintain the latest facilities and offer the next generation of students’ amenities that can be touted on campus tours for prospective applicants. The rising cost of college sports including generous coaching salaries—has also raised concerns, especially when tuition subsidizes money-losing programs and increases the financial burden on students who don 't take part in athletics. With schools trying to compete to be the best, they make it harder for students to even attend their school with nice facilities and sports teams.
The ongoing rise in costs has stretched families ' capacity to pay for college to nearly the breaking point. To make up the gap, millions of students and families every year are forced deeper into debt to make up the difference—around $100 billion a year is borrowed through a cottage industry of private and publicly-funded loan programs.
The cost of higher education is steering hopeful students toward other options. It has become known that online and vocational schools cost less than a four year university. Sure online and voc...
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...y no scholarships out there, only science, math, English, and things our school finds important. Want a full ride, sorry GPA is great, but no philanthropy and volunteering, although focusing in school was the priority, sorry not enough to prove worthiness.
Understanding student loan debt is an important part of taking out student loans, but a lot of currently enrolled students do not know what is to come after graduation. From personal experience, I was thinking of taking a year off to save up money to afford another year at a university, until I found out I would have to pay on my student loans in that year off. Due to the cost to attend college, I have had to look at options that would save money. I had gotten the opportunity to go away to college, but only due to student loans, and my parents taking out a parent plus loan, these things are now no longer possible.
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