It’s all over the news, the struggle today’s college students and their parents face in financing a college education—the same education that is pursued with a belief that it will bring the student that much closer to making their life’s dream a reality.

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According to CollegeBoard.org, tuition and fees constitute 39% of the total budget for in-state students living on campus at public four-year colleges and universities, and 20% of the budget for public two-year college students who pay for off-campus housing.

The not-for-profit student advocacy organization also notes that though housing, food, and other living expenses are not technically costs of attending college, a very significant college expense is forgone earnings from time devoted to school instead of the workforce, and without sufficient earnings, many students struggle to meet daily expenses, with non-tuition components of student budgets easily interfering


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Source: Black Enterprise » Small Business