Tuition costs have rise 11-fold over the last 35 years.
Parents saving for their children?s college education have reason to be anxious this year, according to TheStreet.com.
The financial-news website found that 43 percent of 25-year-olds had student debt last year, as the nationwide total tops $1 trillion. Tuition costs have grown 11-fold during the past 35 years.
The Street recommends five savings options to avoid accumulating debt including:
- Think in-state rather than paying out-of-state tuition
- Attend a public institution or start out at a two-year school
- Try going out of the country ? some schools in Scotland and Canada can be a fraction of the cost of American private schools.
- Go with a massive online open course or (MOOC)
- "Get crafty" ? the U.S. Department of Education?s College Affordability and Transparency Center shows the highest (top 5 percent) and lowest (bottom 10 percent) net price and tuition for colleges in the U.S.
Get more tips from TheStreet.com.
Thompson Wall is TBJ's 2013 summer intern.
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