“If you want to get an earful about paying for college, listen to parents from states where tuition and fees have skyrocketed in the last five years. In Arizona, for example, parents have seen a 77 percent increase in costs. In Georgia, it’s 75 percent, and in Washington state, 70 percent.” [From referenced article linked below].
Listen to this report on National Public Radio (link below) and read the comments to hear some of the reasons why college costs have spiraled: the lack of local and government funding support, bloated administrative salaries, the cost of health insurance and pensions for staff, along with spa-like sports programs and amenities.
Another reason: as long as people are willing to pay through the nose, schools will raise their fees because those with higher sticker prices are seen as more qualified institutions of learning. But having that diploma is still seen as the step up to a better life, so students and their families are willing to assume these crushing costs even though most salaries have not kept pace.
Talk to the pros at WellFit Financial where we can evaluate your situation and come up with possible solutions so the cost of college doesn’t put you in the poor house.
Listen to this audio clip from NPR.org: How The Cost Of College Went From Affordable To Sky-High
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