College Funding
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As students plan for college one of the major concerns is the rising cost of a four-year degree. Many students need to look toward loans or other alternative funding solutions. The information below will help students plan the coming years.
Reasons
For the past couple of years the government has been cutting funds to non-tuition colleges due to tight budgets, forcing the universities to increase their prices. The demand for higher pay from the faculty is another reason for the rise in cost.
Increase in cost
This year is the first year the cost for a four-year private college has risen over $30,000 reaching at a price of $30,367. The average price for a four-year public college in 2006-07 was at $5,836. In those years the percent of increase in cost for a four-your public college has slowed from 7.1 percent to 6.3 percent and the average tuition was at $5,836. The average total cost for a public four-year college is at $12,796 and $30,367 for a private four-year college. The average tuition for a four-year private college is $22,218.
Solutions(loans etc.)
Over the years the need for aids in paying for college has risen to a 95 percent. The amount of loans taken out for college has become more popular while the amount of grant aid has lowered. Low interest loans with a generous repayment period are available. Some loans also offer provisions for cancellation if the borrower performs a program related service. Some loans are to help out parents like the Federal Parent Plus Loans, which is a low interest federally insured loan for parents of undergraduate students to help pay a dependent student's college cost. There are a lot of good loans to help with the cost of college. When choosing a loan consider questions like does the lender offer money-saving options for your loan, and will the lender make repaying easier with lower interest rates.
Sources
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In-State Tuition and Fees |
Room and Board |
Average Combined SAT |
% in top 40% |
Total Student Enrollment |
|
Appalachian State University |
$4,082 |
$4,960 |
1129 |
75% |
15,117 |
North Carolina State University |
$5,117 |
$7,040 |
1177 |
95% |
31,130 |
University of North Carolina Chapel Hill |
$4,877 |
$7,736 |
1292 |
98% |
27,717 |
University of North Carolina Charlotte |
$3,842 |
$5,980 |
1064 |
79% |
16,872 |
University of North Carolina Greensboro |
$3,763 |
$5,592 |
1044 |
72% |
16,872 |
Catawba College |
$19,690 |
$6,570
|
1043
|
52% |
1,288
|
Davidson College |
$30,194
|
$8,590
|
1343
|
98% |
1,683
|
Duke University |
$35,512
|
$9,609
|
DNA
|
99%
|
12,824
|
Greensboro College |
$19,470
|
$7,400
|
DNA
|
38% |
1,230
|
Wake Forest University |
$32,140
|
$9,240
|
1314
|
97%
|
6,716
|
Mitchell Community College |
$1,326
|
|
|
|
2,442
|
Updated 10.16.08