The cost of college increased by 28% between school years, from August 2008 to August 2010. Families who were between $ 100,000 and $ 150,000 per year for the hardest hit. They saw a 30% increase in tuition.
As the students pay for college?
Polls show that Americans do and continue to send their children to university. 43% of students currently live at home to save money. 63% of college students on decisions that apply for financial reasons. This has increased from 56% in recent years.
College student loans has also increased. 46% of households now have student loans for students from 42% in recent years. The borrowed money was used to pay almost half the cost of college. Students and parents from traditional sources of credit borrowed for education – both private and federal – as well as home equity loans, credit cards and loans from retirement accounts.
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