Is College Worth the Cost?

It’s no secret that tuition and college expenses have been on a steady rise for many years. This worried many families that they would not be able to afford to send their children to college. Many are even shy about encouraging their children to dream of a college education. Business skills are almost imposed on the younger generation. The scary and staggering costs of college are changing the way we raise our children.

Imagine if you were told not to dream. What if you told your parents that you wanted to be a doctor and they just had to turn you down? What does this do to a young child’s self-esteem? Many families, educated or not, struggle to keep up with housing costs and living costs in general. Simply put, saving for college is not on the cards for many families more than many would like to believe. What does this mean for the future of our country?

We are heading towards generation after generation of minimum wage and poverty level workers. What happens next? They cannot afford college tuition for their children and so the course continues. If you are concerned about providing college for your children, there are a few things you should be aware of.

So, you are wondering if college is really worth the cost. Consider college an investment. College is not only an investment in your child’s self-esteem and job satisfaction, but also an investment in your family and country. College graduates earn sixty percent more than their peers on average. This makes a profit difference of close to a million dollars over a lifetime. With all the college scholarships, financial aid, student and parent insurances, there is almost no excuse to deprive your child of this investment in their future.

You may have to make short-term sacrifices to afford the insurance payments, but it should be worth the effort. Students can defer payments until after they graduate. There are even income-based payment plans, which means that your child will not have to pay more than he can afford as he gets older. If you’re worried about taking on the responsibility for huge insurance payments in between work hours, don’t worry too much. Most student insurances have deferral periods that can defer your payments until you are hired again. The government and insurance companies have all kinds of special benefits and repayment exemptions for student insurances.

Our government wants our children to be able to afford college education. We need professionals in our community to work. This does not mean that only the rich can learn and continue to get rich. Many insurances are income-based and your child can get as much help as they need. If they don’t get as much as you need for actual college costs, there are PLUS Parent Insurances and Special Student Insurances to consider. These are available in addition to federal student insurances, scholarships, and financial aid. Don’t stifle your child’s dreams. Encourage them to make a better life for themselves as well as for their children and grandchildren. Choosing to attend college can affect many generations to come, and yes, the future of our families is well worth the cost.