At one time, at the forefront of the decision on where to go to college was some dialogue on the college’s reputation. Depending on what you were looking to get your degree in, one would opt to pick a school that was “known” for such. For those who were looking to get in on the social scene the school’s reputation when it came to school involvement and engagement might have played a role in the deciding factor. However, with college feeling out of reach for many young people today their main focus is how much debt they will acquire during the course of their academic education. Given that student loans are a reality for most students it makes sense that they would be concerned about how much debt they would have at their time of graduation.
In a Princeton Review study 39 percent of students were “concerned that their college degree and the associated bills not sink them into hopeless debt.”
The fact that students are now giving debt more thought even before entering college will hopefully result in more conversations about finances long before the FAFSAs are sent. For more on this survey visit The Huffington Post.
BMWK — Did the cost of tuition play a role in where your child attended or will attend college?