The College Debt Barrier Comes Down
Starbucks and Arizona State University dismantle the barriers to college completion.
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Starbucks and Arizona State University dismantle the barriers to college completion.
However, prepaid tuition plans may not be backed by the full faith of the state. In some states, such as Illinois and Alabama, tuition has increased faster than their plans’ investment returns. Some states are not required to bail out their plans if they fail. Other drawbacks, says Hurley, include attached premiums: You are buying future tuition at a price higher than current tuition, not at current rates. You won’t be subject to any penalties if your child opts not to go to college, but the amount you get refunded may be a lot less than the amount of tuition that would have been paid under the plan, and you may not be able to transfer the funds to one of your other children.
More and more students have the opportunity to explore entrepreneurship on campus through co-working spaces or labs.
Although technically a fourth grader, Honey has proven her collegiate prowess as she finishes a design class at San Bernardino Valley College.
The survey also revealed that a not insignificant number of college-bound teens have less than $1,000 in college savings: 39% of high school juniors, 30% of high school seniors, and 29% of college freshmen. Worse, majorities in each class had barely or never spoken to their parents about the cost of college.