A survey by researchers at the University of California, LA found that cost is becoming more of a factor in college selection. This shouldn't be too shocking, as federal loan funding is drying up as tuition is increasing, alongside the truth that it should be to start with.
Price an essential factor
Many things have to be considered when choosing a college. The decision could impact the rest of your life. It is essential to pick a school with the right academics so your degree is worth something in the end. It is also significant to pick a school with a good campus life, such as sporting events and whatnot. Distance from home is an especially important thing to a lot of people. They either want to stay close to home or want to get as far away as possible.
It could be a poor choice to pick a college that is not co-ed.
A UCLA study was recently done showing that cost is beginning to become an important factor in choosing a school, according to USA Today. Certainly, it is essential to pay less for a degree, especially if they can get it someplace cheaper.
Many have to consider it
This survey was done two years back by UCLA researchers, and it showed 62.1 percent of respondents made the decision depending on economic factors. This year, the findings increased to 66.6 percent of students. About 283 colleges and 193,000 freshmen were interviewed.
About 43.3 percent said they looked at the price of attendance. About 9.5 percent said a lack of financial aid helped them decide while 13.4 percent said the decision had to do with it being unaffordable.
Significant thing to consider
The Wall Street Journal reports that the price of tuition has increased by 13 percent since the 2007-2008 school years, and that is just at non-profit colleges. Public universities saw a 27 percent increase in the cost of tuition, according to the College Board. This is why cost should be factor students consider when picking a school.
They may not pay the whole amount, though. Most universities contribute some financial aid and consequently, the net price, what students actually paid, increased by18 percent for public universities and colleges and fell by 4 percent at private non-profits. Additionally, roughly 86 percent of incoming freshmen received some sort of grant over 2011-2012, though universities often front-load grants, meaning seniors get more funding from loans than freshmen.
Graduating into a world of hurt
There are a lot of bonuses for people who get college education. Grads generally have a lower joblessness estimated at around 4.4 percent, according to the Huffington Post, and people are much more likely to stay in work their whole life with the job. The problem that recent graduates are dealing with is really getting the job though, according to a 2012 Atlantic article. In fact, the rate is about 53 percent for recent grads with joblessness and underemployment.
A 2011 Project on Student Debt study showed an average debt of around $26,000 and about two thirds of grads having student loans, according to CNN.
There is a harder time of employment and high chances of getting saddled with debt. Students better think about price during university selection.
Price an essential factor
Many things have to be considered when choosing a college. The decision could impact the rest of your life. It is essential to pick a school with the right academics so your degree is worth something in the end. It is also significant to pick a school with a good campus life, such as sporting events and whatnot. Distance from home is an especially important thing to a lot of people. They either want to stay close to home or want to get as far away as possible.
It could be a poor choice to pick a college that is not co-ed.
A UCLA study was recently done showing that cost is beginning to become an important factor in choosing a school, according to USA Today. Certainly, it is essential to pay less for a degree, especially if they can get it someplace cheaper.
Many have to consider it
This survey was done two years back by UCLA researchers, and it showed 62.1 percent of respondents made the decision depending on economic factors. This year, the findings increased to 66.6 percent of students. About 283 colleges and 193,000 freshmen were interviewed.
About 43.3 percent said they looked at the price of attendance. About 9.5 percent said a lack of financial aid helped them decide while 13.4 percent said the decision had to do with it being unaffordable.
Significant thing to consider
The Wall Street Journal reports that the price of tuition has increased by 13 percent since the 2007-2008 school years, and that is just at non-profit colleges. Public universities saw a 27 percent increase in the cost of tuition, according to the College Board. This is why cost should be factor students consider when picking a school.
They may not pay the whole amount, though. Most universities contribute some financial aid and consequently, the net price, what students actually paid, increased by18 percent for public universities and colleges and fell by 4 percent at private non-profits. Additionally, roughly 86 percent of incoming freshmen received some sort of grant over 2011-2012, though universities often front-load grants, meaning seniors get more funding from loans than freshmen.
Graduating into a world of hurt
There are a lot of bonuses for people who get college education. Grads generally have a lower joblessness estimated at around 4.4 percent, according to the Huffington Post, and people are much more likely to stay in work their whole life with the job. The problem that recent graduates are dealing with is really getting the job though, according to a 2012 Atlantic article. In fact, the rate is about 53 percent for recent grads with joblessness and underemployment.
A 2011 Project on Student Debt study showed an average debt of around $26,000 and about two thirds of grads having student loans, according to CNN.
There is a harder time of employment and high chances of getting saddled with debt. Students better think about price during university selection.
