How are you financing your college education?

Many students use federal loans to cover tuition costs and private loans to cover other expenses like food housing and books. Some of the more popular federal loans include Stafford Loans for students and PLUS Loans for parents of students.

How does a college determine financial need?

The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.

Why education is the key to development?

Education is fundamental to development and growth. Because growth, development, and poverty reduction depend on the knowledge and skills that people acquire, not the number of years that they sit in a classroom, we must transform our call to action from Education for All to Learning for All.

Why education is important for poor?

Around 250 million 5-to-12 year olds cannot read or write, whether they are in school or not. Education transforms children’s lives by helping them overcome poverty. This leads to better health and increased income opportunities. Without it, many children remain trapped in a life of poverty and hardship.

Why is education so expensive?

College is expensive for many reasons, including a surge in demand, an increase in financial aid, a lack of state funding, a need for more faculty members and money to pay them, and ballooning student services. The cost of college has made a degree less advantageous than it was 10 years ago, one expert said.

What is the average student loan?

The average student loan debt for recent college graduates is more than $30,000, according to U.S News data. By Emma Kerr, Reporter Sept. 15, 2020, at 9:00 a.m. Average student loan debt has been on the rise in the last decade as families try to keep up with soaring college costs.