As college acceptance letters arrive, parents and students worry about debt

College graduates are anxiously checking their mailbox waiting for their university to accept letters or reject them

According to a survey of Princeton 's new' university hope and concern ', students and guardians are worried about one thing for the fifth consecutive year.

Rob Franek, Editor-in-Chief of Princeton Review, said in an interview that "the biggest concern is debt." "The amount of debt that students and parents can pay to the university."

"Franek said university tuition has risen at two to three times the annual inflation rate for 20 consecutive years."

According to US News, the average tuition for private universities in 2017-2018 academic year is $ 34,699. Public schools pay $ 21,632 for non-state students and $ 9,528 for state residents.

Americans owe 1.3 trillion dollars to students. According to the Pew Research Center, the average payable of the graduates who have a bachelor's degree is $ 25,000.

Despite tuition fee "sticker shock", Franek knows that there is money for comfort there.Of course, not only from federal and state governments, but also from school itself based on scholars SAT How do you play ACT and ACT? "

I am trying to find the best university at the best price, but are there bargaining power?

Franek says "yes" but he warns you how to talk to college admissions officer.

"If you compare School A and School B, I will tell the school how much financial assistance the other party will provide," he said, "It may not be a process method."

"But if you are a student," My first choice school is like this and I can not get enough money to make the school affordable. "This is for students, parents , And a different dialogue between schools. This is very effective. "

Another trend he saw was re-setting the tuition fee when the university lowered the tuition published. He quoted Drew University of New Jersey as an example.

"Drew University collected $ 10,000 from the sticker bill, so it will be more appropriate for regular students and guardians."

However, although acknowledging these trends, he admits, "Most school costs will continue to increase," he admits.

High school students are worried about the cost hindering them from continuing their education. College students are concerned about whether employment expectancy after graduation will reach the burden of debt. My parents are worried. Because they are watching that their children are forced to return home at a rate that the United States has not seen for 40 years. Last autumn I invited several colleagues from the future forum to the Puget Sound region to discuss these issues with college students and young experts. The forum is a group of young Democrats who focused on problems affecting Americans thousands of years ago, such as debt of student loans. We held a city hall at Puget Sound University to talk about it.

I applied for a university this year. I may need to borrow a student loan because I can not afford to pay tuition fees at the university, and not everyone can get a scholarship. I am worried that there will be plenty of debts after graduation. My debt keeps increasing as I claim interest on my student loan. When I attended college, I had a lot of debts. It may not be easy to repay my debt. It is difficult to find a job that I can earn a lot of money. Most importantly, it is not only for myself to earn money, I need to consider my parents. I do not want to buy a house or car, I have a big debt that I can not even imagine. Addiction, I decided to give up the university because the students can not afford it, and the people I know quit school as they can not go to college.