Monday, April 22, 2013

Student Loans/Debt Review

There are many causes for college tuition rising rapidly over the past few decades.

More social services, such as mental health counseling, are being provided to students to improve their quality of life and a school's graduation rates.

Furthermore, the cost of college has to keep up with the rate of advancement of technology. Schools have to keep their all of their digital equipment up-to-date.

Finally, there are things as simple as building (specifically dorm) refurbishment, such as the Brody dorms here at MSU.

The cost of college tuition is indeed rising much faster than the inflation rate in the U.S.

However, MSU professors maintain college is still the best way to go to land a high-paying job. The short-term financial sacrifices will be worth it down the road.

Even working a little during school can make a big difference, because the less money you take out for school, the less interest you have to pay for later.  

Student Loans/Debt Preview

Money is a significant factor at almost any point in any given person's life, and college is certainly no exception to this rule.

College, MSU very much included, has become increasingly expensive, and more and more students are forced to take out student loans and often times graduate in debt.

What are the main causes for tuition costs rising over the past decades?

How do college costs over time compare when you account for inflation?

What can be done to help with the high cost of college, and is college even the best decision to make in the long run? In other words, is it worth all the money?