Are Parents and Students Getting Their Money’s Worth from College Costs?
With the increasing cost of college, students and parents are justified in asking: Are we getting our money’s worth? If they believe a college education ought to increase a student’s knowledge of America, then for many schools the answer is no. The survey revealed a pattern parents and students should consider before borrowing money to attend a pricey school: The more expensive a college, the less students learn about America, other factors remaining the same. The College Board estimates the average out-of-state cost for a fouryear public college is $22,743. (The average out-of-state cost for the 50 colleges surveyed here was $21,986.) Given this price tag, it is not surprising that, according to The College Board, Americans now owe nearly $69 billion in federal student loans and $17.3 billion in private student loans.
