Bankrate Audio » Paying For A College EducationListen to audio
Bankrate Audio » Paying For A College Education
Editor's note: This is a transcript of the audio file.
Stafford loan interest rates are climbing higher this year and Pell Grants will be harder to qualify for. Higher education is getting more expensive all around. But don't think for a minute it's not worth it! I'm Kristin Arnold with your Bankrate.com Personal Finance Minute.
Yes, college costs are rising nearly three times the rate of inflation. Many students will graduate with more than 40-grand in student loan debt … and entry level jobs are not as abundant. But, think about your alternative. Is it better?
What will get you more money and a higher position is a college degree – along with smarts and hard work! So, instead of mindlessly taking out loans – carefully evaluate the type of student loan you're taking on and how much debt you can reasonably handle based on how much jobs in your major pay.
86 percent of college graduates say their education has been a good personal investment.
Before you decide on a college, major and what type of grants and loans you'll need – visit the college finance section at Bankrate.com. I'm Kristin Arnold.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.