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Students saddled with bigger share of college costs
A graduate wears a cap with 'Free at Last' written on it as Vice President Joe Biden speaks during the commencement ceremony for Cypress Bay High School graduates on June 4, 2012 in Miami, Florida.
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Kai Ryssdal: Just 'cause college students and their parents don't have enough to worry about, there's this today: New evidence that the costs of higher education are taking their toll. A study from the student loan giant Sallie Mae that says more families are choosing less expensive schools. Even as tuitions and fees went up, families spent 5 percent less on college last year, and students themselves are picking up more of the tab.
From the Marketplace Education Desk at WYPR in Baltimore, Amy Scott reports.
Amy Scott: Sarah Ducich is one of the survey’s authors. She says there’s a misconception that families will keep on paying whatever colleges charge. But with tuition rising as family incomes decline, that’s changing.
Sarah Ducich: People are willing to stretch a great deal to meet the cost of college, but there is a limit to that, and they’re going to send their students to schools that they can afford.
According to Sallie Mae, more families considered cost in their college decisions last school year, and they spent 5 percent less, on average. More than half of students saved money by living at home, instead of on campus -- that’s up 9 percent from the year before -- and more of them opted for community college.
Lauren Asher: Students and families are rightly concerned about rising costs.
Lauren Asher is president of the nonprofit Institute for College Access and Success. She says some of the things families do to save on college can backfire.
Asher: Going to school part time, or working long hours, or going to a school that’s less selective than you’re qualified for, can all actually reduce your chances of completion.
For 18-to-24-year-old students, parents are still footing the biggest share of the college bill. But students paid 30 percent last year -- up from 26 percent the year before.
Lynn O’Shaughnessy advises families on paying for college.
Lynn O’Shaughnessy: I think it makes children appreciate college more if they do have some responsibility to pay.
And she says most of them do -- about two-thirds of students leave college with debt.
I’m Amy Scott for Marketplace.
college students and their parents don't get sufficiency to headache near, there's this today: New information that the costs of higher teaching are action their sound. A cogitate from the tester give anomaly Sallie Mae that says many families are choosing little pricy schools to get more knowledge about education http://www.testbells.com/
I agree,
but when the cows fly over there are no more blocks to lift..
Like the brains said
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I don't like the idea that the way that students "pay" for college is by having debt when they graduate. I saw many peers take on students debt and not feel any responsibility about their education at all, because they'll just pay it off when they eventually graduate. Whereas I saved up for college, worked while in college and paid for college (parents did help out first 3 semesters), and I was able graduate without debt.
Until the media joins President Obama in attacking the financial mismanagement and administrative waste in education on all levels, the public will not know that the cost of education is too high not because of incompetent teachers but from bloated overpaid administrative staffs that teach no one and build nothing of any value to educating anyone. Not that long ago, 70 to 80% of every education dollar went into the classroom. Today it is less than 38% and dropping.
Until the media joins President Obama in attacking the financial mismanagement and administrative waste in education on all levels, the public will not know that the cost of education is too high not because of incompetent teachers but from bloated overpaid administrative staffs that teach no one and build nothing of any value to educating anyone. Not that long ago, 70 to 80% of every education dollar went into the classroom. Today it is less than 38% and dropping.
