The Importance Of A College Education

Needless to say, college is of the largest expenses a parent will be faced with. The cost of colleges vary

It cannot be stressed to young people that a college schooling is the only way to receive a nice job and the type of job that will permit for a comfortable lifetime income and a secure future. My nephew said last night that they desired to be a fork lift operator at a local marina, "they make $19.00 an hour" they said. Well, $19.00 an hour looks as if a fortune to a young teenager, but what happens when this teenager grows up and gets married and has several children They stressed to him that college is the only way to go.

There's methods the student himself or herself can help with the cost of college. Financial aid is available through numerous grants, scholarships and student loans. Grants and scholarships are monies that do not must be repaid, but they are based on students maintaining definite grade averages and courses. Student loan rates are usually lower than rates for other types of loans and are repaid after the student finishes college. Some colleges offer work-study programs where students can work in the coursework of the summer to help pay their college expenses.

A US Census Bureau Document in 2002 showed that on average, workers who graduated high school earned a yearly wage of $26,800.00. Those with a Bachelor's Degree earned an average yearly income of $50,650.00, and those with degrees in business, law, or medicine, earned on average $101,400.00. Today, those with Bachelor's Degrees earn 70% over those with a high school schooling.

The short term hardship of paying for a college schooling is obviously outweighed by long term rewards.

widely. A year private college can cost $25,000.00 or more a year. A year public college is in the $10,000.00 a year range. However, there's methods parents can prepare for college expenses. Saving money is the primary way parents pay for college. Setting up a savings plan specifically for a kid's schooling. Assuming you start when your kid is born, and you have a saving account with an rate of interest of 4%, a every month deposit of only $29.00 will in 18 years amount to $10,000.00. a pleasant chunk of alter to help offset college expenses. There's federal Parents Loans available that offer low rates of interest and give parents the advantage of spreading costs over time.

Posted in: