Admissions Academy Blog

Determining the cost of college in today’s economy

Posted by Lori McCormick on April 17th, 2008 in Articles of Interest

Last year students and parents borrowed nearly $60 billion dollars in federally guaranteed loans â€“ an inflation adjusted increase of 6% annually over the last five years.

This year, paying for college is going to be more challenging than previous years. Loan companies are in turmoil, home values are decreasing, and banks are raising rates on borrowing. All of this has left students and parents in an unfamiliar state, wondering how to pay for college. Here are links to two articles that address the rising fear in determining how to pay for college and what can be done about it.

The New York Times, â€œFewer Options Open to Pay for Costs of Collegeâ€ by Jonathan D. Glater

The Philadelphia Inquirer, â€œBe Careful in Weighing College Aidâ€ by Gail MarksJarvis

1 Comments

1 Comments to “Determining the cost of college in today’s economy”

Sarah Ziegler Says:
April 18th, 2008 at 10:44 am
Looks like Congress is trying to act quickly to address this issue! The Chronicle of Higher Ed reported on actions by the House to help stem the tide of lenders leaving the student loan business. Read the article at: http://chronicle.com/daily/2008/04/2553n.htm

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