It seems that the common belief when it comes to choosing which college to attend is to pick the “best” one. Well, the “best” one might not always be the right fit for you or your child.
There are multiple factors that go into making an educated decision. How well did you or your child do in school? Choosing the hardest school when you are not academically prepared can be overwhelming. So overwhelming that students will drop out.
According to the Boston Globe, in 2002 a study was done that showed 63% of students that attend a four year college graduate in 6 years or less.
Students that are taking on heavy loans to cover tuition for more expensive schools are in for a nightmare if they drop out. Most students that drop out find themselves buried in debt with monthly payments they can’t make because they do not have a degree!
Going to the $50,000 private university does not always make sense. The average college student graduates with $22,700 of debt. Make sure you consider all your options before making a decision. There are more affordable schools that provide quality education as well!