New poll says future college students are more conscious of cost than reputation. Story from CollegeAveLoans
In a new poll, cost is revealed to be the most important consideration for young people choosing a higher education institution.What matters most when you’re choosing a college? In a recent Twitter poll run by USA TODAY on behalf of College Ave Student Loans, cost is king, with 45% of 41,025 participants claiming it as their No. 1 consideration when choosing a higher education institution.
“Knowing that many people choose to borrow to help pay for school,” he said, “I like the fact that these future college attendees are aware of how much the cost of college is — and how it could impact them.” Luckily, there are options when it comes to cost and every other factor on this list. It all boils down to weighing your priorities against your limitations to make the best possible choice for the future.For most families, selecting a college is a joint effort and decision between parents and their child. Because of this shared responsibility, communication is key when weighing different factors and deciding how to proceed.
Conversations grounded in financial reality will put all other considerations into perspective for your child, Rose said. “Families should explore all scholarships and grant options before they decide to borrow for college,” Rose said. “Many scholarships and grants go unclaimed, and just spending a few hours on the web may uncover some great opportunities for free or reduced tuition.”If any element of the poll is surprising, it may be the fact that “university’s reputation” ranked last as a consideration for choosing a college.
As the parent of a soon-to-be college student, you bear the responsibility to guide your child’s college search in a healthy way. Talking to them realistically about finances can make all the difference.
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