Many middle and upper-class parents are finding it extremely difficult to send their children to college in an economy where jobs are few and college education costs are spiraling out of control

1. Costs Spiraling Out Of Control

2. Many middle and upper-class
parents are finding it
extremely difficult to send
their children to college in an
economy where jobs are few
and college education costs
are spiraling out of control.
College education has become
very expensive with costs for
food, living, tuition, gas, rent,
and travel soaring. College
education costs haven’t risen
suddenly, but gradually over
time.

3. $0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
high school US average
wage
College
graduates
master’s or
PhD’s
Salary

4. 147%
7%
115%
500%
PERCENTAGE
Typical American
Family Income
College Costs
Consumer Price
Index
College Education
Inflation
Continue

5. Another reason why college education has become nearly
unaffordable for many students is because of the tenure
policy at universities. Regardless of the professors’
productivity, their tenure guarantees employment for life.
Demand is also responsible for this unchecked rise in
college expenses. Rising demand has tolerated these
skyrocketing costs, which parents are finding difficult to
bear.
http://www.collegequest.com/

6. If universities keep increasing their prices, then it will
become more and more difficult for the average family to
send their children to college.
At some point in time, administrators will be forced to
take measures to ensure cost control so that more
students can avail of the benefits of higher education.
http://www.collegequest.com/

7.  Until college costs reduce, it is in the best interests of
students to make their college education worth the huge
costs. If at all their parents have been able to fund their
college education through some means, then the students
must work hard during all their years in college so that they
can have a job before they leave campus. Having a job before
they graduate will leave a good impression on future
employers.
Continue

8.  Students must focus on finding their true calling while still in
college. Those students who wish to become entrepreneurs must
weigh the pros and cons of starting their own businesses. Students
also have to keep up their grades in college so that they can recover
the costs of their education with a well-paying job or a successful
business.
Continue

9.  Parents also have to be made to understand that
entrepreneurship is tough. So they need to support their
children, with full knowledge of the fact that their children
could very well fail at starting their own business. A business
only becomes successful with determination, talent, and
capital.
 Parents need to realize that a business takes time to be
successful so they shouldn’t refrain from spending over
$60,000 a year on their child’s college education. They must
remember that once successful, their child will earn more
than $80,000 a year.

10. There are many obstacles to receiving a great college education
but the point to remember here is that in the long run, it all
works out. Many schools offer financial aid to students and
parents can avail of these funding opportunities.
So don’t be disheartened. A good college education is still
possible with some financial preparation on the part of
parents, academic performance and initiative from the
students, and support from government and other sources.