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College Costs Mount
For Local Parents
This fall, a greater proportion of Rappahannock County’s young people than ever before will be heading for college.
And, for the parents of most of them, it presents a bigger financial problem than before because college costs have been zooming skyward.
The result is that funds they had set aside for the purpose are no longer adequate. Added to this is the fact that bank loans are harder to get, interest rates are high and Federal aid to needy students has been reduced.
Hardest hit by the mounting costs and the tight money conditions are those families that have more than one child going to college at the same time. They have to dig even deeper.
Based upon the number of Rappahannock County students heading for college and upon the new tuition rates, local families will be carrying a $360,000 load for the coming academic year, it is estimated.
Data on college enrollments for the coming semester and on the costs involved were compiled by the U. S. Office of Education, the Census Bureau and others. Their figures indicate that 1,840,000 youths will be starting college this year, bringing the total enrollment to a record 7,700,000.
93.6%