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Should You Get a Three-Year College Degree?

Spiraling tuition costs have some students balking at the idea of a traditional four-year degree program. Apparently, schools are responding as colleges and universities begin to implement three-year-degree programs in an effort to help students cut costs and enter the workforce earlier. But how much are students really saving by shaving off a year of college?

College Aid 101

If your children are destined for college, one thing is certain: You can expect to write some large checks to pay tuition, room, board, and other expenses. Although inflation is relatively dormant in most areas of the economy, it’s running wild on university campuses. According to the College Board, the cost of higher education is up roughly 5% from a year ago. In the 2009–2010 academic year, the average cost of a year at a private university was more than $35,000.

College Aid 101

Although inflation is relatively dormant in most areas of the economy, it’s running wild on university campuses.

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