Jae C. Hong, AP
The problem with "college costs" isn’t actually the cost of tuition so much as the lack of information about the benefits of obtaining a college education, according to an article by The Atlantic.
Even with rising tuition, the cost of not attending college has doubled in the last 30 years. In this case, "cost" refers to the wage difference between college and high school graduates.
High school students unfamiliar with post-secondary education tend to not understand college prices. The net cost versus the listed tuition price is vastly different. Also misunderstood are financial aid opportunities and admissions processes.
“A separate study found that low-income teens overestimate tuition costs by 100 percent and repeatedly underestimate the lifetime gains among university graduates,” Derek Thompson wrote in his article.
A study done be the University of Toronto showed that when low-income students were shown a three-minute video about the return rate of college, they expressed greater interest in obtaining post-secondary education. They were also shown how they could calculate financial aid possibilities.
Lynne Ward, executive director of Utah Educational Savings Plan, said planning ahead could enable many more to afford college. Getting the information out at younger ages could start the savings for parents and future students.
“We encourage people to save for college in advance, so they either don’t incur student debt or don’t incur as much student debt,” Ward said. “Should someone take out debt to get a college degree? Personally I think yes, that’s a good investment in yourself, but the better investment is to save up front.”
Last year, more than 60 percent of 21-year-olds were not currently enrolled in college. Twelve percent were high school dropouts and 43 percent graduated from high school but didn’t continue on in their education. This, Thompson said, is the real college problem.
Along with financial aid promoted through individual universities, websites provide information on thousands of scholarship opportunities.
- The 10 most livable small towns
- Z'Tejas closing after 13 years at The Gateway
- Dave Ramsey says: Don't leave an estate with...
- Closet clutter: How having fewer,...
- Balancing act: Survey says lack of balance,...
- Sneaky tricks restaurants use to make you...
- Most American high schoolers don't know how...
- Company plans to hire up to 1,000 new...
- Utah unemployment rate second lowest in... 21
- Most American high schoolers don't know... 9
- Balancing act: Survey says lack of... 4
- Consumers are padding their checking... 2
- Optimism on the rise for job seekers 2
- Teen drivers hike Utah car insurance 89... 2
- Before you head off on your vacation,... 2
- Sneaky tricks restaurants use to make... 1