Research + News | Topic: College Costs

High Cost Of Education Limits Career Choices For Millennials

We’ve all seen the staggering student loan debt statistics: It averages more than $20,000 and 69% of Millennials have student loan debt, according to the Federal Reserve of New York. What the numbers don’t tell us is what is going on in Millennials’ minds before they take on this debt.

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You Won’t Believe What Some Students Blow School Loan Money On

About half of students blow some of their school loan money on non-educational expenses, including 3% who spent it on alcohol and drugs, according to a new Student Loan Hero survey.

Read the full article here.

If There’s One Thing Millennials Regret, It’s Going To College

More than a third of 18- to 35-year-olds say they wish they had not gone to university, according to a new survey, while almost half say they would have got to where they are now without a degree.

Read the article here.

Four Myths About College You Should Reject

Tim Elmore has spotted four myths people tend to buy into about post-secondary education—and he’d like to help you avoid them.

Read his blog post here.

Websites Connect College Students With ‘Sugar Daddies’ Willing To Pay The Bills

Some students say it allows them to get education without the crushing debt, critics say the arrangements smack of prostitution and could be unsafe, others argue that it takes advantage of women in vulnerable situations.

Read the article here.

Don’t Send Your Kid To The Ivy League

The nation’s top colleges are turning our kids into zombies. Read the article here.

Millennial Math

The infographics throughout this article highlight generational differences in areas of marriage, college, and finances.

Read the article here.

The Many Pitfalls of Private Student Loans

From the article: “Many student borrowers often accept the financial aid packages set before them, which may include piles of private loans that cover what federal loans do not. But students often do not realize that private loans can cost more and come with few escape valves if they can’t afford their payments.”

Read the full article from The New York Times here.

Infographic: Paying for College

Private colleges charge an average of $32,599 in tuition and fees in 2015-2016, according to U.S. News data. View the infographic here.

Gen Z Gets Schooled

Those in Generation Z have changing attitudes about higher education, but they still plan to attend. Read the article here.