Saturday, December 12, 2015

6 Ways to Make College More Affordable - Stephen M. Smith, Time Money

A college diploma is no longer a luxury. By 2020, 65 percent of all jobs in the U.S. will require a postsecondary education. Sadly, rising college costs create the perception—and reality—that for many, college is beyond reach. Today, just over 43 million borrowers owe more than $1.2 trillion in student loans, with an average balance of $29,000—outpacing credit card debt and second only to mortgage debt. The good news is, broadband access and mobile computing are converging to make digital tools and apps available for students and families to identify scholarships and affordable college options. Flexible and online learning models allow learners to earn credit for existing experience and get their degrees faster. Colleges are using technology to help students navigate campus life and create efficient academic plans so they can finish in a timely fashion without racking up so much debt along the way.

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