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and how and when is it paid back. Are you in debt for years.

Why does it cost so much?

2006-08-31 10:26:50 · 6 answers · asked by Anonymous in Education & Reference Higher Education (University +)

6 answers

It depends on the college as they are all different. The university that I am attending is an average of $11,000 per year (living off campus) and you can apply for grants which you do not have to pay back. If you do take out student loans, you do not have to start paying them back until six months after you are out of school. While I am sure that some people are in debt for years, the end result is worth it!

2006-08-31 10:30:27 · answer #1 · answered by RainCloud 6 · 0 0

Up to over 40G a year. Depends on the school. Because now that everyone feels they are entitled to college there has to be someway of cutting back on the stupid, and stupid rich people instead want to get rid of the poor. Colleges are being 'run like a business' and are expected now to turn a profit rather than educate, instead they often fail to do either. You can pay when you wish if you have it, if not there are various loan programs, most peopel are in debt for at least 20 + years.

2006-08-31 10:45:37 · answer #2 · answered by kazak 3 · 0 0

whatever state you are from, most of those state public schools will cost between $6,000-$8,000 per year, for tuition, other fees and books. ((for example, if you live in Colorado, colorado state and university of colorado are around these prices) If you want to live on campus, for public schools that you're considered an in-state resident for, it's usually about $4,000 more for a dorm. If you go to a public school out of state, double all of those numbers. If you go to an Ivy League school, you're looking between $30k - $40k. Private schools have the most variance....mine cost about $20,000 and dorms were an additional $10,000. If you take out stafford loans, which are government loans, you can do two types: subsidized stafford loan means the interest rate doesn't kick in until 6 months after you graduate. Unsubsidized means the interest rate starts the day you borrow it. As an undergraduate you can borrow up to $46,000 total for your degree...that's $46k in your entire life. For graduate programs, it's $118,500. Yes, you will be in debt for years if you're like me, and you had to borrow a lot (I'm at about $40k in student loan debt right now). But you can extend that repayment time to 20 years, so you're monthly payments will be less. However, my brother only had to borrow $5k in student loans, his payments are about $45 a month and he'll have it paid off in 10 years. I know it's sounds daunting, but honestly student loan payments are great for your credit. As long as you pay them on time, that's something that will boost your credit every month for 20 years. And it costs so much because of the simple economic principle of supply and demand. They can charge that much because you pretty much have to have a degree now to get a decent job....so you have to go to college.

2006-08-31 10:55:25 · answer #3 · answered by Jenni34 1 · 0 0

University of Minnesota-$291 per credit!

2006-08-31 10:29:47 · answer #4 · answered by hope 5 · 0 0

there's no such thing as a typical university cost. i've seen prices from $50 per credit hour to $400 per credit hour.

2006-08-31 10:39:17 · answer #5 · answered by Anonymous · 0 0

First in depends on what class it is....2, always try getting financial aid even if you think you can't get it...b/c u never know.

2006-08-31 10:30:25 · answer #6 · answered by amandameibeyer 4 · 0 0

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