The Real Cost of College
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College is expensive, but it may not be as expensive as you probably think. In fact, if you know the actual cost of tuition, books, fees, etc. you are in a very small minority.
In a scientific survey, a large public university in the Midwestern United States found that people were very badly misinformed about the annual cost of higher education. In fact, people overestimated the cost of a year of college study by about seventeen thousand five hundred dollars.
Although the group surveyed was well aware that costs at public colleges and universities are substantially less than those at privates, they badly overestimated fees at both. Similarly, their estimates of the cost of online degree programs were well above the actual costs.
Clearly, the media and colleges themselves need to to a better job of informing the public about the actual costs of college. Of course, students and families are also at fault for not paying greater attention to educational costs.
Even those people who answered accurately on college costs knew little or nothing about the scholarships, grants, and other forms of financial aid which can substantially reduce them.
If you or someone in your family is exploring higher education, it is important that you investigate and determine actual educational costs. Do not believe second hand information about college cost or the availability of financial aid…much of it is erroneous.
Whatever you do, do not assume that college is out of reach for you. There is a lot of financial aid available to students who need it and many college admissions and financial aid counselors willing to guide them through the financial aid process.
Jim Evans is an educational counselor who guides students wishing to earn an online degree or a traditional college degree.
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