Difficult Payment Methods

From one of the google alerts that we received we found an article that highlights the rising cost of tuition and the necessity for parents to begin saving as early as possible. The workplace is becoming more and more competitive for young people so the importance of a college education is rising along with it. Although a college education is becoming critical, the cost of it is overwhelming to whoever is in charge of paying for it. On top of the education being expensive, it shows no slowing down in price increase. Over the past decade college tuition has risen faster than the rate of inflation and that is a scary thing to think about as some of us are yet to enroll. If college tuition keeps rising at the rate that it has been, by the time the next generation comes around college will not be affordable for anyone but the wealthiest of people. Even at this point, investing is becoming a much larger part of people’s thoughts when trying to pay for college. Making the right investment long before their child is even close to in college is what some parents are needing to do just to have enough money to afford the college expenses. The big problem with investing in stocks though is that they constantly fluctuate and there is no way to be sure that your stocks will be worth more at the time the student is ready to go off to school. This is because “tuition payments will not wait because your stocks lost out because of a market crash”. Instability in the stock market makes it nearly impossible to be sure that it will be a solid way to come up with money for college. This article shows some ways to pay for college, but it also shows that many of these ways can be difficult or instable. A college education is absolutely necessary in this day in age and if the prices do not stop increasing, the cost will make education out of reach for many citizens.