Students enrolled in small private liberal arts colleges in Massachusetts tend to graduate with significantly more loan debt than their counterparts at larger universities, according to a new nationwide study.
Graduates of Massachusetts institutions that ranked highest in student debt were saddled with an average of $38,200 when they graduated in 2011, compared with about $17,000 for those who ranked at the bottom of the list, according to the study released Thursday by the California-based Institute for College Access & Success, a independent, nonprofit group that works to make higher education more affordable.
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There are lots of kids whose families really don't ahve any extra to save for college. They ought to get grants and I expect they do. However, there are many more whose families don't save for college and undergo sticker shock when the kids start looking at schools.
In order to get aid, the families fill out a FAFSA. Based on income, they are given a financial aid package which may include loans. Let's be honest, how many people have been shocked that FAFSA indicates they can pay more than they want to pay?
Give up the big houses andstop burdening your kids with debt. The same people who want tax cuts are looking for free education for their kids and think the government should grow smaller but somehow do something about the price of education.
Before you buy gizmos and gadgets, before you redecorate the living room or remodel the bathroom, before you pay for season's tickets, put away some money for college. No one else is interested in helping you send your kid to college.
And PLEASE don't make your kid go to a school simply because it is the cheapest alternative. For many kids, that school is below his ability.
This country needs scientists, engineers, and doctors, NOT liberal arts grads!! Federal loans should be shut off for virtually every liberal arts school in this country and the money should be re-directed to the schools and majors this country actually needs. Another expert in extinct ancient dialects can help absolutely no one here.