Paying for College in an Economic Crisis
Tuesday October 21, 2008
A recent article in the New York Times reported what is becoming fairly obvious: the current financial crisis is making it more difficult for students to pay for college. The difficulty cuts in two directions. Many families now have less money and fewer assets with which to pay for college, and the current banking crisis is making loans more difficult to obtain.
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Is the economic crisis making you change your college plans? Are you planning to put off college? Are you now considering a state university or community college instead of a private institution? Please vote in the poll to the right and leave your comments below.
For expert advise on paying for college, be sure to visit Ken Clark, the About.com Guide to Saving for College site. |
Comments
I actually just wrote a post about that NY Times article and another similar article in the CS Monitor about college students (both current and prospective) switching their college plans toward more economically feasible schools. Two-year colleges, and in-state public schools are getting very popular.