Love Sculpture at Ursinus College, Collegeville, PA. Photo by By Montgomery County Planning Commission 7630695750_394e547aa1_b.jpgwww.flickr.com
There are many variables involved in choosing a college to attend. If the goal is to find the best higher education choice out of several thousand possibilities, should students look for their love match or search for a smart consumer purchase?
Parents of the college-bound know the stakes are high. College costs are steep but college grads have a better financial future. Parents want to see stars in their student’s eyes when their college choices are named. They want their child to be happy and excited to take advantage of their higher education opportunities.
Students want to feel a connection with their choice colleges. Initially it may come because the school is a name brand, friends are attending, or the student had a memorable college visit. The college-bound want to proudly wear their college T-shirts. In teen time, a four+ year commitment to earn a diploma represents a huge chunk of their young adulthood and therefor, their identity.
Although they may not be invested in a college decision based on money, the fact is most students take out loans to finance their education. Many parents dig deep in their pockets and also borrow to afford their student’s college bill. The impact of these financial choices may not be felt until after graduation.
Read on for college consumer variables and making a college love match
Discover your college warranty. Photo by
andrew_cosand, IMG_3159_crop | Flickr – Photo Sharing!www.flickr.com
Many parents and college-bound students face a costly college dilemma: Is that dream school worth the money or will a cheaper college lead to equal success?
The question is about higher education warranties.
The answer should be easy, considering this is not the first tough consumer decision that families have had to make. Parents put on their consumer hats when buying other large ticket items like a home, car, or vacation. They weigh the pros and cons; they review the warranties and insurance policies.
When it comes to higher education, the floodgates of emotion open. Families consider going into huge debt and risk future financial security for a perceived sole chance for student success.
Is a college acceptance letter like a winning lottery ticket? All students have to do is cash in, attend college and be set for life?
For families unable to pay the 4-6 year college bill out-of-pocket without substantial borrowing, parent retirement and student future lifestyles may be in jeopardy. The bottom line is overwhelming debt doesn’t mix well with success.
What is the college warranty?