Posts Tagged “paying for college”

The New York Times published a startling article today discussing the National Center for Public Policy and Higher Education’s biannual report, and I have to admit the findings are pretty scary.  There are certainly immediate implications for my husband and I as we produce our documentary film about students who are low-income and first generation college-going, but really the college-going future of our country effects all of us in both personal and national ways.

“If we go on this way for another 25 years, we won’t have an affordable system of higher education,” said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education. “The middle class has been financing [college education] through debt. The scenario has been that families that have a history of sending kids to college will do whatever if takes, even if that means a huge amount of debt. But low-income students will be less able to afford college. Already the strains are clear…The share of income required to pay for college, even with financial aid, has been growing especially fast for lower-income families, the report found.”

Reading this article, I could certainly relate.  Like a lot of low-income students who see higher education as their ticket to moving up the social ladder, I was willing to work my way through school and go into debt just to get that college diploma.  But as financial aid decreases and tuition at public and private universities continue to rise at unprecedented rates, more and more students are getting priced out of college by the everyday costs of living or balk at the idea of going into debt for school. I’m still paying off my original $45K student loan for four years at Columbia which now hovers around $10K, and while I don’t regret the choice I made, carrying that burden of debt certainly has created its own set of worries and limitations. And even though student loans are still available for college, in our current recession, it just doesn’t seem like the smart thing to do.

But the reality is (and as the article states), we need more citizens to achieve higher education in order for America to remain competitive in the global market.  Those of us who know how important education is to the future of our country have to arrive at a solution to make higher education accessible and affordable to the untapped talent in the lower class who feel the cost of going to college is just too great. We as a nation will pay the price if we don’t figure out a way to invest in our greatest commodity: people.

If you’re interested in learning more about our documentary film, check out the First Generation website and blog, and I’d love to hear any ideas or thoughts you might have on this issue of college affordability.

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A few months ago, I told you about Lynn O’Shaughnessy’s latest book, The College Solution: A Guide for Everyone Looking for the Right School and the Right Price. It’s a wonderful, practical tool for finding and saving money for college, and next week you can catch even more great insights and advice for affording college in O’Shaughnessy’s free webcast.

In this webinar O’Shaughnessy uncovers “industry secrets” on how colleges actually parcel out financial aid—and how even “average” students can maximize their share. Learn how to send your kids to expensive private schools for virtually the cost of an in-state public college… and how promising students can pay significantly less than the “sticker price” even at the best state universities.

Sign up here to register for The College Solution Webcast with Lynn O’Shaughnessy.

How do you feel about paying for college?

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