Private College 529 Research Paper

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

College can be looked at as a life investment. It is an investment for the future of your life in hopes that it will pay off later in life. College is expensive, but can be affordable for all of those who try. In 2008, Students who applied to attend a four-year college received an estimated average of $5,400 in financial aid and state grants (“Trends in College Pricing”). With this estimated $5,400, this can reduce any students’ price of college to around $1,000 to $3,000 per year! This is an

Now that I'm a senior I guess college is right around the corner, along with the dreaded expenses. Paying for college can be a stressful experience or a walk through the park. For most it's a mightmare, because of the debt they are or will be in. I've always been concerned about how my family and I were going to pay for college. Fortunately there are many options I can take advantage of to avoid a horrible financial fate.

The average cost of college is $60,000, for the average student it is $27,000. If you plan on going to college but the tuition is too much and you aren’t planning on staying for a long time and don’t really care as much for college and there is not point of going and just wasting your money. If you would rather have a blue collar job then you wouldn’t have to go to college for it. If you are planning to go and become a doctor or anything that is required to have a degree then that would be a white collar job then you should go to college.

Attending college after high-school is a choice everybody has to make. However, colleges can be very expensive to attend. The decision to go to college hangs mostly on one question: Is college worth the cost? Many people evaluate the cost of college by equating it to things such as family tradition and whether or not they need it for their career. To some people, college is a stumbling block, but to others, it is the key to their future.

For most students, finding the right college is hard, there are all these different things that need to be right. What majors do they have, how far away is it from family, does the campus a nice feel to it, and probably the most thought about question among students and their parents, how much is the tuition. According to the Department of Education, the tuition for a four-year college in the eighties was around nine-thousand dollars, now tuition has gone up to almost forty-thousand dollars. Many students, who are unable to pay for the tuition usually take out a student-loan, which helps them in the short run but later in life can become a big burden. especially if you're someone who has an average salary of fifty-thousand

College is not worth the cost, but It’s not to expensive. Congress may soon cut federal financial aid. Soon as they cut it them people who are relying for that

Many may wonder if college is worth the cost; according to bigfuture.collegeboard.org, “In 2011, people with a bachelor’s degree who worked full-time earned $21,100 more, on average, than full-time workers with only a high school diploma”. College isn’t for everyone, some people don’t want to attend, but studies are showing that with a college degree people are making more money than without one. Although, most people choose college based on the benefits, there are downsides and fees are just one of them. There is more than one fee and at different colleges they vary. For example in a Community College, such as Normandale, the “room and boarding” fee does not exist, because there aren’t dorms available for the students.

State 529 savings plan is the best college saving plan(....). With price of college increasing every year, it's getting harder and harder for families to send their kids to college. In such hard economic times State 529 savings plan can come to rescue.

College is supposed to be a place where you advance both personally and academically. College helps you to understand who you are as a person. This important investment should not bankrupt individuals and cause major financial problems later on in life. I go to a Private liberal arts college where tuition is $25,680 a year. I commute to campus to avoid paying the extra $9,770 to live on campus because I need to pay for Graduate school if I want to become a Speech Pathologist or Audiologist. There are so many graduates and friends that I have talked to that have tens of thousands or hundreds of thousands of dollars in college debt to get a diploma and then to not be able to pay the money back because it will take them 30-40 years because they are not working in their field and have other expenses as they get older. Normally, it takes the average college student 30 years to pay back their loan and the student pays thousands of dollars in interest they could use to buy a house, invest in their children, or their familes future. One of my friends is going to school in Oklahoma and the University she attends gives her little to no financial aid, she is going to

They also have to worry about paying for a room and board. It doesn’t make much sense on why they wouldn’t include these things in the college tuition. It would be a helpful factor for students to think about as well before going off to look at colleges and not just be blindsided by needing more money to get into the college. In a research article, it was said that, “Although the value of college is apparent, deciding on whether it is worthwhile means weighing the value against the costs of attending. Indeed, much of the debate about the value of college stems not from the lack of demonstrated benefits but from the overwhelming cost.” (Is It Still Worth Going to College?) This research shows that money is one of the major factors keeping students from attending college. That most of the students have to rethink their future because of the overwhelming cost of attending certain

I believe the cost of college is expensive because of the amount of money your degree can make after. An article written by Catherine Rampell illustrates how the percentage of people making

As the prices of college are rising students and parents question themselves about college, is it really worth it to spend thousands of dollars for their kids to get a higher education. The prices differ for different students. Every college has a different price, whether it’s in-state or out-of state, if they are international students, a student with DACA, or just an undocumented students.

College is expensive for lots of reasons. Professors and staff members need to be paid. If professors didn’t get paid, then why would they want to work? The athletics department for colleges are expensive. The annual amount in Scholarships given to student athletes is too high. The education system needs to be updated.

The 529 Plan, which is named after a section in the Internal Revenue Code, is a qualified tuition plan that is operated by a state or educational institution. They offer tax benefits and other advantages. Nearly every state offers a 529 Plan and can be chosen based on preference of the features and benefits of each plan. There are two types of 529 Plans: College Savings Plans and Pre-Paid Tuition Plans. Savings Plans work much like a 401(k) where the funds can be saved in mutual fund accounts. Prepaid plans let you pre pay all or part of the college tuition. Since each state differs based on investment options households need to consider many factors, including the age of the beneficiary, their own risk tolerance, and their overall financial situation. Households may find some options more suited to their savings needs than others. Whatever option is chosen will be the best option well suited depending on the individual. The following pictures will show two different savings plans in two different states: