Crazy Money! High Cost of Some Universities

It’s Crazy Money Day! 

One year of college can cost more than the annual salary of many Americans! Some universities have approached or surpassed the six-figure mark for a single year of attendance. Tuition, housing, fees, meals, and other expenses are staggering. Those costs are passed on to the students. Many schools are competing to attract students with upgraded housing, rec centers, and expanded programs. Another factor is the availability of student loans. Easy access to financing has allowed tuition to rise faster than inflation for decades. Students often borrow to cover the difference without realizing the financial implications. The result? Many graduates enter the workplace with substantial debt burdens that affect major life decisions. That’s Crazy!

Here’s what I want you to take away. Carefully evaluate the expected return on the investment in a college degree. Not all require an expensive education. Sometimes community colleges, in-state universities, apprenticeships, or trade programs provide a more affordable path to the same goal. Proverbs 24:3 says, “By wisdom a house is built, and through understanding it is established.” Wise stewardship means counting the cost before making major financial commitments. Education can be a valuable investment, but like anything, it should be approached with discernment, planning, and prayer.

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