Is Online College the Solution to School Financing Issues?
Dec 12th, 2008
Photo courtesy of iStockphoto, Gary Alvis
Over the past few decades, college tuition has been raised exponentially. When compared to current incomes, it's less affordable than ever.
The New York Times reports:
"The rising cost of college – even before the recession – threatens to put higher education out of reach for most Americans, according to the biennial report from the National Center for Public Policy and Higher Education.Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007 while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families."
Online education may be the solution for some students. Although not all virtual programs are less expensive, some do charge significantly less. Without the need to build a campus or maintain the grounds, a lot of completely online colleges are able to pass the savings on to students.
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