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With the amount of stress already in a student’s life, selecting a college or university is complicated, time consuming and expensive. Students simply arrive into college without the necessary preparation leading to only 31% of the United States receiving a bachelor's degree. Families are discouraged and overwhelmed when they find there is no real structure or process in place. Therefore, some students choose not to enroll or drop out of college.
With only 11% of parents saying they have saved enough for college and 95% of families missing out on millions in financial aid each year, they struggle with the potential burden of student loans to even consider going to college.
Students are not succeeding in college due to a lack of money, but rather inappropriate preparation and planning. Colleges enroll more than 3 million students every year and 900,000 students drop out after their first year. These results are alarming and negatively affect students when participating in one of the most important decisions of their lives.
Planning for college is an intimidating task, but an essential part of shaping your child’s future. College is extremely expensive and the real cost beyond tuition, room and board will alarm you.
With an average cost of a couple of hundred dollars a month beyond the four-year college price tag, it is estimated that parents will spend more than $24,000 in addition to the total cost of attendance over four years.
The cost of college supplies for a typical student usually depends on where the student is planning on attending school and what she or he intends to study.
Whether you commute to campus or take the occasional trip home, there are transportation costs. Other costs will consist of cell phone bills, eating out and anything else you normally spend money on.
On average, the overall price to go to college is $38,086.67 a year. College costs include room and board, books, supplies, transportation and personal expenses.
A common myth about college is that it’s too expensive. Once students and families understand what college really costs and are provided a step-by-step college planning road map, they often discover that higher education is within their reach.
To alleviate the negative approach millions of families, students & student-athletes take when preparing for college, we have automated the planning and placement process with our complete College Planning Center™. Planning and saving for college has never been easier in the most important decision of a student's life.
The chart below shows the scholarship numbers between other college planning resources based on studies conducted by the National Center for Education (Department of Education) and our College Planning Center™ .