Everyone is aware of the impact the economy is having on family life across America. However, we have not even begun to consider the effects the recession will have on the families of college students. Especially those who will be sending their kids to college next fall.
Many parents are already wondering how they are going to be able to afford the cost of paying for their kids college education.
For many, gone are the dreams of sending their kids to elite schools such as the Yales, Princetons or Harvards of the world. Those dreams have been replaced with the names of local colleges and state universities; some are even considering have their kids start out at community and junior colleges the first two years to help defray costs.
For many parents, food and shelter is all they could ever afford, with the dreams of being able to one day provide those two and education for their kids. As a result of the economy, has that dream been placed in jeopardy?
We would like to hear from you
How has this economy’s problems caused you to re-think college or how you will pay for college?
The Declining Value Of Your College Degree
A four-year college degree, seen for generations as a ticket to a better life, is no longer enough to guarantee a steadily rising paycheck.
Just ask Bea Dewing. After she earned a bachelor’s degree — her second — in computer science from Maryland’s Frostburg State University in 1986, she enjoyed almost unbroken advances in wages, eventually earning $89,000 a year as a data modeler for Sprint Corp. in Lawrence, Kan.
Then, in 2002, Sprint laid her off…more-does-a-college-degree-pay-off
Also Worth a Look: Alternatives to College
In a recent post the Black Data Processing Associates (BDPA) mentioned that it was seeking applicants for scholarships.
They also encourage black students seeking cash for college to visit the BETF scholarship webpage today!
In addition, they also introduced us to BlackStudents.com a Free online directory of black scholarships, African American scholarships, black colleges and HBCUs, internships, and jobs.
Also worth a look: C.R.A.F.T., Inc. College Resource Center. The C.R.A.F.T. Organization serves the youth and families of the Pembroke/Hopkins Park area of Illinois. The community has one of the highest poverty rates in the state.
