Cost of College
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How Much Do People Really Pay for College? Hint: It’s a Lot Less Than the Sticker Price
When it comes to planning for college, many parents and students feel overwhelmed by the high costs. Headlines about the soaring cost of tuition can easily induce sticker shock, especially for families with modest incomes. Despite this, the vast majority of parents still consider college a top savings priority. According to Fidelity Investments’ 2024 College Savings Indicator Study, 77% of parents believe a college education is worth the cost. While the cost of college has risen significantly in recent years, there’s more to the story than just the published tuition…
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Beyond the Sticker Shock: Demystifying the True Cost of College
As the leaves of August fall, families across the country embark on their annual journey – the great college hunt. This pilgrimage, filled with campus tours and brochures, often culminates in one unanimous gasp: the cost of college. At a time when the sticker price for one year at a private college is bordering the $60,000 mark, many families are left bewildered. But what if we told you that many don’t actually pay that much? The Reality Behind the Rising College Costs There’s no denying it: the cost of college…