College Costs Continue to Rise
The costs associated with attending a four year college or university in the United States continues to rise. State and federal budgets are continuously making cuts in education funding, and as schools lose their sources of income they must take a larger and larger cut from their students' wallets.
Another factor to consider is the competition to grow and maintain a high standard of faculty -- in order to compete with private enterprise, professor salaries have continued to rise as well. These are just a couple of factors that are leading to the continuous increase in college tuition rates.
The good news is that almost 2/3 of full time students receive some form of grant aid. While loans are an ever-increasing source of paying for school, the low interest federal rates are still an intelligent investment.
Why?
Because that college degree will give you greater earning potential down the road -- according to CNN, one can expect to make between 65-70% more with a college degree than just a high school diploma over the course of their lives.