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Cost of Living at College Doubled Since 1980


Jan 31, 2017

Living the college life has gotten way more expensive since 1980, and not including just tuition and fees. While many types tuition freezes, government tuition-free programs, scholarships, and grants help foot the tuition bill, housing and food remain uncovered, according to MarketWatch. [...]

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1 months ago 2 comments

Talk is cheap when it comes to politicians' promises, but one thing that remains expensive is a college education. From vetoing a scholarships bill that would free up $721 million for community colleges and scholarships for low-income students, to killing the Senate Bill 180 which would require the New Mexico Lottery to provide $41 million to a college scholarships fund there has been no resolution to the budget stalemate since July 1, 2015. New America Higher Education has one resolution: out with the old, in with the new. That means removing federal loans, federal tuition vouchers, Pell grants, and tuition tax credits. [...]

12 months ago 27 comments Read More

With the popularity of YouTube and reportedly returned home Facebook, where posting a video is just a click away, video-based scholarships are becoming increasingly popular for students who have other strengths besides essay writing. Video scholarships provide students the opportunity to highlight an array of skills from directing and editing to staging and production. But remember a video scholarship will require a great deal of time and effort. Don’t assume a video essay will be like shooting fish in a barrel. You should be encouraged by the fact that the odds are in your favor when doing a video contest because so few people take the time to enter. Here are the top 10 tips we’ve compiled to help you increase your chances of winning and helpful suggestions to keep in mind before beginning production. [...]

28 months ago 0 comments Read More

Here at Scholarships.com, we stress the importance of paying for your college education the best way we know how: with free money in the form of scholarships! And while scholarships might not fully cover your tuition and expenses, college applicants who aren't deemed financially needy in terms of their FAFSA should consider the importance of merit aid. It can make a huge difference in the schools they can realistically afford and students and families seeking this extra financial aid boost should consider researching schools more likely to dispense merit-based awards. [...]

29 months ago 0 comments Read More

Figuring out the bottom line when it comes to the cost of your college education is definitely stressful. With everything that goes into determining your financial aid package (your parents’ income, your earnings and your family’s net assets), it’s important to understand that merit aid (aid based on a student’s attributes like (academics, athletics, extracurriculars, etc.) is available to student regardless of their “need.” New federal rules are blurring the distinction between scholarships awarded on merit and grants awarded because of a student’s financial need – for instance, a growing number of colleges now award “need-based” aid to students from families earning six figures! – so we’ve compiled a few helpful tips to maximize your chances for merit aid and increase your overall financial aid package. [...]

31 months ago 0 comments Read More

Figuring out how you're going to pay for your college education can be intimidating. No one wants to pay off student loans for the rest of their lives, full-tuition scholarships are rare and federal student aid seldom covers all college costs, so considering a community college to curb the financial strains is smart! But attending a community college doesn't necessarily dismiss the likelihood of defaulting on your student loans: According to the most recent cumulative default rates, the percentage of two-year public school students who default is 18.7 percent and 13.2 percent for students at two-year private and nonprofit institutions – that's more than double their four-year counterparts! If you're a community college student, check out U.S. News and World Report's three tips you can follow to avoid defaulting on your student loans. [...]

32 months ago 0 comments Read More

Figuring out the bottom line when it comes to the cost of your college education is definitely a stressful part of the process. With everything that goes into determining your financial aid package (your parents’ income, your earnings and your family’s net assets), it’s important to understand that merit aid – aid based on a student’s attributes (academics, athletics, extracurriculars, etc.) – is available to student regardless of their “need.” New federal rules are blurring the distinction between scholarships awarded on merit and grants awarded because of a student’s financial need – for instance, a growing number of colleges now award “need-based” aid to students from families earning six figures! Who would have thunk it?! So, we’ve compiled a few helpful tips to maximize your chances for merit aid and increase your overall financial aid package. [...]

36 months ago 0 comments Read More

For those of us who cannot afford large out-of-pocket expenses for college, financial aid is our only option. Many, if not all, universities require their students to fill out the Free Application for Federal Student Aid – aka the FAFSA – which uses your family’s finances and taxes in order to best determine how much aid you get. It can be confusing but it is definitely worth your time to file the application. [...]

59 months ago 0 comments Read More

The last few weeks of the fall semester are a stressful time with finals, travel and the holidays to handle but you survived – congratulations! You may have made it into 2012 in one piece but your checking account may not be so lucky. The good news is that there are many ways for college students to save money and make living on a tight budget feel downright comfortable. [...]

60 months ago 0 comments Read More

Ah, the first day of school. You meticulously selected your outfit, you styled your hair just right but when you smiled for the camera, all that awesomeness translated into...complete and total awkwardness. It may be tempting to dispose of the evidence but don’t burn those negatives or delete those jpegs just yet: Those images could earn you $1,000 or a Kindle for college through Scholarships.com’s Awkward Back-to-School Photo Contest! [...]

65 months ago 0 comments Read More

It seems like just yesterday that your kid was, well, just a kid, asking for a ride to the movies and throwing a tantrum on the floor. Now your child has walked across their high school stage, tossed that mortarboard in the air and is heading for college in the fall. If this is the first child you’re sending off, it’s normal to be apprehensive about letting go but remember, this is their moment. College is a time for them to discover who they are and figure things out for themselves. That being said, you can help financially prepare your student for college. Check out the four tips from U.S. World and News Report on finding the balance between supplying enough funds and when letting your child struggle is okay: [...]

66 months ago 0 comments Read More

Ah, senior year. It’s a time chock-full with to-dos, from finalizing your college choice and filling out applications to applying for scholarships and getting your financial aid in order. And with summer slowly coming to a close, it’s a good time for rising high school seniors to realize that some deadlines are just around the corner. So rather than let the last weeks of summer slip away, avoid the fall time crunch and consider U.S. News and World’s top suggestions of five simple things you can do now: [...]

66 months ago 0 comments Read More

If you’re a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying your loans. Are you starting to panic? Well, don’t! There’s a ton of advice out there to help students stay on track and courtesy of the U.S. News and World Report, here are seven tips for repaying your student loans. [...]

69 months ago 0 comments Read More

It seems like a life of excess is so last year. According to a Chase Slate-U.S. News survey, young adults between the ages of 18 and 34 are more likely to say they want to save more, spend less, pay down debts and develop a budget in 2011 than older generations. In a national survey, 1,000 American adults were asked if they planned on changing their financial habits in 2011 and while 54 percent of respondents aged 18 to 34 said yes, only 27 percent of those aged 55 to 64 and 23 percent of senior citizens agreed with that sentiment. [...]

73 months ago 0 comments Read More

With the typical six-month grace period on student loans right around the corner, recent college graduates across the country will start making monthly payments whether they’re ready to or not . If you’re one of those students, or just starting your college career, here are a few suggestions from the Project on Student Debt, an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization, on how to manage your loans. [...]

75 months ago 0 comments Read More

Ah, the emergencies only credit card. Sounds great in theory but when a student’s cash flow is low, the term “emergency” can take on an entirely new meaning (some sweet new sneakers or a floor dinner at Chez Fancypants, perhaps?). If Mom and Dad aren’t too keen on the idea – maybe they’ve been there, done that and have the credit score to prove it – there hasn’t been much they could do to prevent their child from stopping by the student union during the first week of classes and signing up for myriad cards and repercussions…until Andrew Cuomo stepped into their corner. [...]

77 months ago 0 comments Read More

Whether it’s preparing students for college or providing vocational education, one of the purposes of high school is to help students transition from depending on their parents to living in the real world. Recently, more high schools have begun incorporating personal finance into their core curricula, hoping to prepare students to manage the money they make once they move out on their own. [...]

85 months ago 0 comments Read More

One of the most important steps you'll need to take in the financial aid application process is applying for the Free Application for Federal Student Aid, or FAFSA. The Department of Education starts accepting the FAFSA Jan. 1 of each year, which just so happens to be tomorrow. So start your new year off right by filing that financial aid document, or filing a renewal FAFSA if this isn't your first time. State financial aid deadlines fall as early as February, so it's best to get a head start and know how much funding you can expect come next fall. [...]

86 months ago 0 comments Read More

It may not always seem like it, but going to college can actually make you happier.  Perhaps not in the short term--there are finals, after all, and that general lack of money or personal space that comes with the college lifestyle--but in the long term, people who go to college consistently report being happier.  They also claim to be healthier and more likely to make good choices.  This comes on top of the financial benefits of receiving a degree, which include better job security, lower unemployment, and higher salaries.

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87 months ago 0 comments Read More

The Federal Reserve Board proposed new regulations last week that would prohibit creditors from issuing credit cards to anyone under 21 without the consent of that applicant's parent or guardian, or proof that the consumer would be able to make the required payments on their own. Those rules would amend some of the provisions in the Credit Card Accountability Responsibility and Disclosure Act of 2009, a bill passed by Congress last May that, among other things, would hinder credit card companies from getting college students to sign up for offers at on-campus booths. [...]

88 months ago 0 comments Read More

Soon enough, financial aid application season will be upon us, and you'll need to know how to navigate the process so that you don't make any mistakes that could delay that application, and your funding for college. The first and important step will be getting ready to fill out your FAFSA, which the U.S. Department of Education starts accepting starting Jan. 1 of each year. If you take away anything from this blog though, remember this: FAFSA stands for the Free Application for Federal Student Aid. It should never cost you anything to fill it out. [...]

88 months ago 0 comments Read More

According to newly released data, default rates on federal student loans continued to climb in 2008, reaching a nine-year high of 6.7 percent, most likely as a result of the recession. The annual cohort default rate, released by the Department of Education on Monday, covers federal student loans that went into repayment between October 2006 and September 2007 and had gone into default by September 2008. [...]

89 months ago 0 comments Read More

After New York Attorney General Andrew Cuomo brought to light questionable practices some college financial aid offices engaged in when creating preferred lender lists for private loans, the fallout was felt nationwide. While colleges and lenders have reformed their practices in the face of new regulations, lawsuits against colleges and lenders are still being addressed. [...]

91 months ago 0 comments Read More
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