The Financial Challenge for College Students

Falling aid, rising costs challenge for college students

As college costs skyrocket -- tuition is up 35% over the past five years -- federal spending on Pell Grants is going down, experts say. The trend places a burden particularly on lower-income students, increasing their dependency on loans and other alternatives.
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College graduates' growing loan burdens can affect job, family and housing choices

The rising cost of attending college -- yesterday the College Board annual report showed that the average tuition and fees charged by the nation's four-year public and private colleges rose by 6 percent this year -- is causing more graduates to enter the work force burdened with many years of student-debt obligations. That, in turn, forces many of them to take jobs or work in locations they would not otherwise have chosen. It also causes young couples to postpone marriage, starting a family or buying a house.
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Queations about paying for college and paying off your student loans? 

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