It’s True; You Can Afford Higher Education

Unfortunately, current economic conditions are leading families to believe that college is not affordable.

The reality, however, is that they can. In fact, there is a lot of good news for students and families worried about college costs.

First, virtually all colleges, universities, and professional schools, including those offering online degree programs, are making concerted efforts to be as affordable as possible. Some have voluntarily frozen costs and/or cut budgets. Others have tuition limits imposed by state law.

In addition, because many families find their financial status tenuous, colleges are increasing their scholarship fundraising efforts in order to better assist them. And, as a result, scholarship donations are up significantly at many colleges and universities.

The federal government is also stepping up to help students, with increases in several grant and student loan programs. Online college students also now qualify for financial aid not available to them in the past. That change makes it easier than ever for working adults to continue their educations.

Louisiana, Florida, Georgia, and many other states also help college students by offering need-based and/or academic achievement scholarships. Some also allow out-of-state students to attend their colleges and universities for in-state tuition and fees (a big saving).

Students and their families should also be aware that it is not uncommon for colleges and universities to offer no-interest tuition installment plans. Not only do these plans allow families to spread their costs into 7-8 payments, but they provide insurance which will cover a student’s tuition for up to four years if his or her parent passes away. And, the installment plan itself costs nothing.

The bottom line is that in any economy, no matter how difficult, college is affordable. College admissions and financial aid offices will help you identify programs for which you may qualify, and there are many websites which can help you find scholarships and financial aid. Good luck.