College Tuition Costs are Spiralling

So, our children want to fly away from the nest and further their academic life in college. But with escalating costs, can we afford it? Will they have to take part time jobs to stay afloat or can we supplement their financial needs with college loans?

These are just some of the questions that concerned parents and aspiring students are asking themselves nowadays. It's hardly surprising when you look at the facts - a 51% increase in fee and tuition costs for public four year colleges and a 36% rise for private four year colleges in the last decade alone. This, coupled with the disproportionate income increases for families likely to have college age children, means that more and more often parents or students themselves are turning to direct loans or private college loans for help.

Why do parents and students need extra help?

Every parent and family is made aware what their Expected Financial Contribution (EFC) will be to their child's further education when they apply for a place. This is calculated minus any government grants and federal supported college loans the student will be granted. Every family has numerous financial commitments and additional support for your child throughout college could be all too much to bear if you don't have enough savings or disposable income. But all is not lost! There are other sources of financial support available.

How can the shortfall be covered?

Additional financial support comes in all shapes and sizes. They normally take the forms of unsubsidized federal student loans, state sponsored loans and private sector college loans. It is the latter that has experienced the most significant growth over ten years (a 745% increase) and accounts for a whopping $10.5 billion of aid used to finance college education.

The private college loans available can be split into student loans or loans for the parent:

Student Loans

? Private college loans from banks and other funding sources.

Parent Loans

? Private education loans from banks and other funders.

? Home equity loans to draw down equity from your property. These funds can be used to pay for college fees.

Is it all worth it?

Its all too easy for parents and students to balk at the idea of taking out college loans to enable them to further their education. The hard cash needed to see them through up to four years of study may seem impossible to raise but they just need to realize the benefits this will bring their child and America. College educated individuals earn more than secondary school leavers, they also participate in society more and their children will attain higher levels of education too.

The investment is worth it.

Peter Siu is a successful freelance writer providing valuable advice for consumers when applying online for credit cards, student credit cards as well as other personal & mortgage loans. You can visit his sites at http://www.uscreditcenter.net and http://www.ukcreditcentre.com - His numerous articles offer moneysaving tips on a number of topics.

---

Pre-Bachelor

The program should be one term, two terms or three... Read More

SAT Test Preperation; Prep Options

It's time to take the SAT's. How should you prepare?... Read More

MRCP and MRCPCH ? Preparation for the Examination

There should have been a time in the human history... Read More

Marketing Students: 5 Guidelines For Your Final Paper

Get motivated! ('Why do I write this paper?")This is a... Read More

Caribbean Single Market and Economy - Who Says UWI isn?t Doing Enough?

The University of the West Indies (UWI) has often been... Read More

Academia Fraud and Brain Washing Cartels

Many have a tough time listening to the scientists debate... Read More

Reducing the Administrative Burden for Further Education Colleges

The introduction of the Government's Education Maintenance Allowance (EMA) in... Read More

Study More Effectively

If you are studying for an exam or if you... Read More

The Distance Learning Explosion!

A generation ago few would have given much thought to... Read More

Why You Should Choose an Accredited Online Degree

An accredited online degree is a college degree that is... Read More

Principalship: Leading Change in Schools

The L.E.A.D.E.R. WayINTRODUCTIONIn June 1997,the Prime Minister of Singapore unveiled... Read More

College Is Way More Than Higher Education

The first day of college begins with hopes and dreams... Read More

Looking For a Rewards Program That Offers Free Money for College Students?

With the rising cost of books, tuition and housing, it's... Read More

The All-Important College Application

H.G. Wells once said, "Human history becomes more and more... Read More

Getting Into College No Longer A Numbers Game!

Sending your kids to college has never been more difficult... Read More

Who Should Earn an Online Associate Degree?

An online associate degree is a two-year general studies degree... Read More

Prepping for the new SAT I

On March 12, 2005, high school juniors across the country... Read More

Student Moans and the Quarterlife Crisis

It's that time of year again when global issues take... Read More

Business and Academia!

The driving factor of any university is to make the... Read More

How to Find Money for College Education

Many current and future college students need help to pay... Read More

Do Best Friends Make the Best College Roommates?

Do best friends make the best college roommates? Not always!... Read More

Building Interaction Into Your Online Course

You've already decided that you're ready to author online and... Read More

Revolt of the Scholars

Scindex's Instant Publishing Service is about empowerment. The price of... Read More

On-line Universities and Degrees ? Find the Right One for You

The first step to finding the right online university is... Read More

Quality Schools

After presenting these ideas at the NAREN (National At-Risk Education... Read More

Commercialisation of Higher Education in South Africa

Introduction and Literature ReviewSouth African education policies place priority on... Read More

Internship Opportunities at Levine Communications

ENTERTAINMENT & PUBLIC RELATIONS INTERNSHIPS AVAILABLE NOW! "As we celebrate... Read More

How to Survive First Year Engineering

So you just got accepted in your engineering program?joy, but... Read More

Discover How Online College Classes Work

It's no secret that more and more people are looking... Read More

College Entertainment for Less

Most of these activities are free or very cheap:* Campus... Read More

Free Money For College

What if someone came up to you and offered you... Read More

Distance Education is Now Training the Next Genertation of Medical Assistants

Some people are calling it distance-free learning for the Medical... Read More

Writing Effective (and Requisite) Essay Openers

When we write for college courses, we write for an... Read More