Edvisors Private Student Loans

Scholarship News

College Debt the Main Woe for Students, Parents


March 28, 2017 10:30 AM
by Susan Dutca-Lovell
The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the level of debt I/my child will take on to pay for the degree. While this concern doesn’t come as a surprise, it differs greatly from the average woe a decade ago; not getting in to [a] first-choice college.

The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the "level of debt I/my child will take on to pay for the degree." While this concern doesn’t come as a surprise, it differs greatly from the average woe a decade ago; not "getting in to [a] first-choice college."

Rising tuition costs, roughly 3% to 5% a year, have contributed to families’ stress as to how they will afford college, according to the College Board. The average tuition at private four-year schools rose 54% in the last decade. Meanwhile at four-year public institutions, tuition increased by 71% in the last ten years.

For 98% of college students and their families, financial aid – including grants, college scholarships, and college loans – is needed to help pay for college. 65% claimed college financial aid is "extremely necessary." For most, the hardest part in the college application process are the college admission tests. Completing financial aid forms to help pay for college are also difficult, students claim. One way to help reduce student debt is to earn money that does not need to be repaid: college scholarships.

College tuition has increased "two times to three times faster than the rate of inflation every year consecutively for the last 20 [years]". It causes a high level of stress for high school students and their parents. Of the 10,000 respondents, 67% reported high levels of stress – which is a 4 percent increase from last year and a 20% increase from the first survey in 2003. Nonetheless, 99% of respondents believe that college is worth the investment.

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

Crystal G.  on  9/4/2018 5:54:56 PM commented:

I need a way to keep the loan totals down to a reasonable amount. Because I need to have money left to pay other bills, including rent, electric, renter's insurance, food, transportation, and internet. My little paycheck has to go through all my bills, not just college costs. I don't want huge student loans on my back because I'll stress about them every day. I'd like to build my own house one day, so I need to keep loan payments to an amount I can afford to pay.

yusuph kiziba  on  4/3/2017 3:51:46 AM commented:

the common vulnerability of persons in the fece of natural and man made upheavals has been accentuated by many events for example the tsunami un Indonesia the bombings in Spain and continuing humanitarian crisis

Jim G  on  3/29/2017 5:14:50 AM commented:

A department head can receive a 6 figure retirement. And that may last 20 years or more. While most retiring from universities receive less, when added up it's a substantial amount. An growing each year. Time to change to a 401K system same as the overwhelming majority of America. Business realized they can't afford defined benefit plans. Neither can universities.

Amy  on  3/28/2017 6:12:31 PM commented:

Not true. My son attends a very expensive private school in PA and was offered $18,000 in financial aid He also won a 20k outside scholarship. Sounds good right? No, all his financial aid was pulled because they said he didn't need it any more because of the scholarship. Moral of the story - not sure.. my son worked like s dog to get that scholarship - why bother.

T F.  on  3/28/2017 12:21:39 PM commented:

Duh.

Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the wake of the pandemic. And as the FAFSA determines your Expected Family Contribution (EFC) based on income from the previous year, students may have greater financial need now than they did when they initially filed for federal aid. Unfortunately, the deadline to submit the FAFSA passed at the end of June. However, it is not too late to appeal your student financial aid from your chosen institution.

It’s Not Too Late: Guide to Appealing Financial Aid

July 28, 2020 1:20 PM
by Izzy Hall
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in a time of economic uncertainty caused by the coronavirus pandemic, it’s surprising to learn that many low-income and minority students did not submit the FAFSA for the upcoming academic year even though they would’ve been eligible for federal aid. At Scholarships.com, we don’t want students to miss out on any form of college financial aid. Applications for the next academic year will open soon, so get prepared by reviewing these FAFSA facts.

The FAFSA: Why You Should File (And How!)

July 23, 2020 3:47 PM
by Izzy Hall
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety protocol of a handful of institutions of higher education. How are the reviewed schools planning on confronting the coronavirus on campus this fall?

CDC Reviews Higher Ed Reopening Plans for Fall 2020

July 21, 2020 11:47 AM
by Izzy Hall
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, rising high school seniors are already looking toward fall 2021 and are optimistic that higher education will be back to normal by that time. As a general whole, the survey findings show that the COVID-19 pandemic has not dampened prospective students' interest in attending college in fall 2021.

Where High School Seniors Stand on Coronavirus and College

July 16, 2020 9:48 AM
by Susan Dutca-Lovell
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, "rising high school
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall semester is an exciting and busy time for fraternities and sororities as they welcome members back to campus and hold Rush Week events to hand-pick new members. Returning fraternity and sorority students have a big challenge for Fall 2020 — how will they adapt Greek Life and Rush Week for the coronavirus era?

Rush Week/Greek Life for Fall 2020

July 14, 2020 2:41 PM
by Izzy Hall
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall