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The New Bailout

Stocks It was a scary day when I realized that I was going to have to find a college. The options are staggering and the cost was bound to give me the biggest case of sticker shock I had ever experienced. This is not at all uncommon happening for college students, especially this fall.

Students all over America are going through this same experience as they search for the college of their choice. In light of the fluctuating economy, 52% of prospective students are looking to their second and third choice universities due to cost.

Since college loans exceeding $22,000 have risen by 5% in the past year, parents have been forced to rethink how closely they support their kids. As many college grads crumble under high interest loans and low income jobs, a great number of parents feel compelled to help bail them out. Instead of saving for retirement, the modern university system has essentially left parents the responsibility of footing the college bill when they never intended to.

By Aaron Dodson



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