Category: College Costs


What college will look like in 2023

Posted on October 14th, 2013

What will higher education and college students be like in the future? The Wall Street Journal offers some predictions.

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How to manage your financial aid award

Posted on October 9th, 2013

If you’re a college student on financial aid, it’s not easy to stay within a budget.

Most colleges put college students’ financial aid awards toward tuition and fees first and then give the remaining money to the student as a financial aid refund in one or two installments a semester. This makes it difficult for students to manage their money and avoid blowing it all before the semester is over.

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American higher education’s “dirty little secret”

Posted on September 4th, 2013

"The dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It’s not the cost of the loan that’s the problem, it’s the principal — the appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008." -- Matt Taibbi

President Obama’s recent signing of the bill to keep student loan interest rates low is a move in the right direction toward helping students afford college. But as we’ve discussed, it’s not enough. In the video below from Democracy Now, Rolling Stone editor Matt Taibbi discusses how the high price of U.S. college tuition is the real […]

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Budgeting tips for college students

Posted on August 23rd, 2013

If you’re a college student relying on financial aid, it’s essential to live within your budget while at school. It can be tempting, however, to splurge on expensive dinners out, new clothes, and late night food and drink.

Check out these tips for college students on spending within your means and avoiding the temptation of going into further debt for frivolous expenses.

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The cost of college in Western New York

Posted on August 19th, 2013

The cost of college has risen all over the country, and schools in our home of Western New York have not been an exception.

Check out this video from WGRZ to learn about the cost of higher education in the Western New York region and how President Obama will address the issue in his visit to the area later this week.

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10 personal finance tips for college freshmen

Posted on August 11th, 2013

Learning how to manage your finances early on in college can save you time, stress, and money later. And it’s the best way to prepare for unexpected college costs–such as a once-in-a-lifetime study abroad opportunity or that tropical Spring Break vacation you want to take with your roomies.

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Making college more affordable while you’re in school

Posted on July 25th, 2013

At College Financing Group, we love seeing students find creative ways to pay for college. We’re especially proud when we hear about students from Western New York, where we’re headquartered, capitalizing on their success to make college more affordable.

Adam Munich, a native of Orchard Park, NY and freshman at the Rochester Institute of Technology, recently did just that.

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What can you buy with the price of 4 years at an elite private university?

Posted on July 24th, 2013

We all know college tuition, room, and board at top universities is astronomically expensive. This video breaks down what the average cost of 4 years at a top school–$235,585.52–will buy you in the real world.

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Parents putting less money toward college

Posted on July 23rd, 2013

As the weak economy continues to impact how Americans spend their money, parents are putting less toward their children’s college education than in previous years. Parents put an average of $5,727 from their income and savings toward each child’s college costs in the 2012-2013 academic year, down more than a third from $8,752 in 2009-2010.

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Colleges consolidate to cut costs

Posted on July 22nd, 2013

Many students use consolidation as a way of reducing the costs of their monthly student loan payments. Now, universities are following their lead. Some colleges have begun to merge and consolidate in order to lower administrative costs and pool their resources during an era of reduced education budgets.

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