Monday, November 16, 2015

Financial Stress preview


According to a 2015 CollegeBoard report, in-state tuition and fees at four-year public institutions increased at an annual rate of 3.4 percent per year, beyond inflation, between 2005-06 and 2015-16. Michigan State University students pay for school in a variety of ways, some use loans, others get help from their parents, and some students even have scholarships that cover a lot of costs associated with being a student at MSU. Keondanaya Sturdivant is a freshman at MSU, and she has a scholarship that pays for her entire tuition, but still feels stressed when it comes to paying for room and board. MSU Freshman Audrianna Gibson said that paying for school is “the biggest stressor” on her as a student. Gibson said she relies on loans and scholarships primarily to pay for school, and said she wants to get a job soon to help lighten the burden of paying for school.

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