Each year, the cost of college outpaces the overall inflation rate. You would think that family income would have an effect on college prices, but it never does!
One thing is certain: regardless of the level of consumer income, the demand for higher education will always exist. Unless the student attends a local community college, the price of college today almost guarantees that families will be burdened with significant college debt when their children graduate.
Yet, families are still under the impression that students who attend a more expensive and prestigious college will easily obtain a decent job to pay the bills, including their student loans, but that is not the reality of today’s job market. The College Board compiled a list of the most expensive colleges in each state after examining the average cost of tuition, fees, and room and board for incoming students in the 2018-2019 academic year, and it’s almost unthinkable that the list prices for some of these colleges now exceed $80,000 per year.
It’s important for parents to address their college costs as soon as possible (think middle school), but families that have a junior or senior in high school must begin planning how to pay the cost immediately, before it is too late.
Here's a list of the most expensive colleges in each U.S. state, according to the College Board in an article from Civilized Life Magazine:
Are you ready to plan for college, save on tuition, and secure your children’s education?
As a Certified College Funding Specialist (CCFS), we can show you:
How to save on college expenses
How to prepare your family for college funding
How to combine college funding and retirement planning
How to address college funding as early as possible
How to choose the right college
How to fit college funding into your financial future
With our professional assistance, you can be prepared for college funding, confident in your college choice, and on the road to a secure financial future. If you need a college funding game plan for your family, give us a call at 949-270-2779. Our Certified College Funding Specialists will help you plan for the future and save on your expenses.