Updated In Summer 2021, the University of California (UC) Regents will likely consider a proposal to raise tuition by 2% plus inflation starting in Fall 2022. Tuition would be frozen for six years for the Class of 2026 (those students starting college in Fall 2022). Then, each year, tuition would again be raised 2% plus…
Comparing the published price of tuition along with the size of the student population can be one metric to value a university education. However, “shopping” colleges on price alone is shortsighted, thus families may overlook valuable educational opportunities. Instead families should determine the value of any college education by discussing answers to reflective questions, starting…
The 1200% increase in college tuition over the last four decades, outpacing inflation by nearly 1000%, is Reason Number One parents often anxiously ask me about how their kid can apply for scholarships. As the conversation unfolds, many often also reveal having saved some for their children’s college expenses, though the amount is woefully inadequate,…
Federal student loan interest rates for the upcoming 2020-21 school year will be set lower than the 2019-20 school year. The 2020-21 rates will be as follows: Undergraduate Direct Loans: 2.75% Graduate Student Direct Loans: 4.3% Parent PLUS Loans: 5.3% Student loan interest rates are set annually and apply to any loan taken during that…
Currently, students at 25 different universities are suing for fees and tuition refunds. Students’ sentiments can generally be summized in the language of the Cornell students’ lawsuit: Students have been deprived of the opportunity for collaborative learning and in-person dialogue, feedback, and critique. The remote learning options are in no way the equivalent of the…
In a recent text exchange with Tyler, a graduating senior at a large California state college, we discussed what he’s learning during his final college semester, given his campus is now closed and his professors are learning to teach via an unfamiliar digital learning modality. The following is an excerpt of our conversation: Since Tyler…
While Mom always warns us not to eat too much fast food, Burger King’s recent offer may change her mind. Given the historically record setting $1.5 Trillion total student loan debt, Burger King is offering 301 of the 44 million Americans with student debt some relief–up to $100,000 for one lucky person and $500 each…
“Helicopter Parenting” has become a norm, which can delay adult children taking responsibility for themselves. More colleges staff are now sponsoring a PTA-like “College Parent Groups”. Adult children can also tie themselves to mom and dad; some request editorial advice on college papers through Google Documents. And, as no parent wants their child to suffer,…
Often students earn college degrees to increase their likelihood of future financial stability. Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the…
Middle class families can sometimes feel like this: Cartoon credit: Americans for Limited Government, 2015 Especially when considering the annually increasing tuition, and other costs for a college education:
Changes to repayment rules for Federal student loans offers borrowers flexibility to manage their debts, as outlined in a recent New York Times article. However, not only do the recent changes provide assistance for current borrowers, potential student loan borrowers can plan ahead. Our recommendations are outlined, alongside excerpts of the article in italics. Rising…
While college costs have continued rising, median incomes over the same period have not increased at corresponding rates, as we first posted here. The failure of income to rise at the same pace as college costs increases can place greater pressure on family budgets, potentially restraining college choices. Thus, families may spend more effort in investigating potential…
The “sticker shock” of college tuition rising at 1140%, as we posted here, can overshadow the need to calculate living and housing expenses, as part of the overall costs for college. Yet, families who budget for ALL college expenses for 4 years, not just year-to-year costs, are prudent and may find ways to save money. …
A tongue-in-cheek look at rising college costs, yet gives another incentive for college bound teens to think thoroughly about their college choices.
