It is time we rock the Ivory Tower…maybe long overdue.
How do parents prepare for the high costs of college? It could be that jumping on the bandwagon to reform higher education would be the best way to enhance affordability.
More parents are saving money for their children’s college education…in 2010; $9 billion has been put in government-run college savings plans. It’s a good thing. In 2010 public university, average undergrad college tuition $7,605.
But that money is not enough. The average student graduates with a debt of between $23,000 and $24,000. Rate of default in student and parent loans is 5-10% per year. About 41% of people with student loans get in trouble and at some time become delinquent.
Pew poll reveals 75% say college is too expensive for most Americans to afford it.
Click here to read the full story.
