More Families With Means Are Opting For Community Colleges

College costs keep rising, and students are piling on more debt than ever before.  But here’s a trend you may not know about. 

More and more families with means are downshifting from private or expensive schools to lower cost community colleges:

“Many predict any rise in rates could push more families to seek out less-expensive colleges—furthering a shift that is already underway. Roughly 22% of students from families making $100,000 or more a year attended a community college during the 2010-11 school year, compared to 12% the year before, according to the latest data from student lender Sallie Mae.”

Annamaria Andriotis, Wall Street Journal, April 23, 2012, “Families Study Plan B With Possible Stafford-Loan Rate Spike

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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