By Maxine Wells
A college education used to be the path
to a secure financial future. However, for current students, finding
ways to finance college has become a much greater challenge than it
has been for generations past. Not only have college costs risen over
500 percent in 60 years, the current economy prevents the average
household from pulling together the necessary savings for higher
education pursuits. The unprecedented growth in tuition will result
in many households seeking out financial assistance.
Student loans
are often the only assistance available to help pay for an
undergraduate degree. However, with major funding cuts happening in
the world of education, traditional financial assistance avenues may
not be the most reliable. Crowdfunding is an unusual and viable
fundraising alternative that holds some potential as financial
support in the future.
With an uncertain economy and an
unknowable future, student loans quickly can become just another
financial burden to shoulder. This Consolidated Credit infographic sheds some light on just how much the
cost of education has grown over the years and how much debt to
expect from student loans. Not only will the average student be
saddled with years of debt, but also they would be faced with the
challenge of coming up hundreds of thousands of dollars for their
children’s education. Gain some insight on past, current and future
cost of education below.
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| Government funding of education started to decline in the 1980s |
Years ago when our grandparents were eager to get education their government did everything possible to make it accessible for crowds as they understood the importance of thinking people and busy children. Nowadays politicians speak a lot about the necessity of learning and that our children is the future if the country however education remains only a dream for many families as it gets more and more expensive each year. Moreover schoolchildren don`t usually get proper knowledge and surely need some additional assistance (here http://www.helponessay.com/ you can get help in writing essays) I advise all parents to start saving money when their children just go to the kindergarten, learn about different programs and be very attentive choosing the college.
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