Show College Cost Doubles By Myra L Levesque vesque Contributing Writer The cost of student loans for college college college col col- col- col lege doubles and students grow deeper deep deep- er in debt Tuition for college has increased over the years and students are paying paying paying pay pay- ing a price For 15 hours at it costs an average of The U of ofU ofU ofU U for 15 hours will cost about Collet Christensen like most undergraduate students is faced with college bills Christensen's debt will increase to an estimated total of Christensen's total debt after interest equals She will paying per month for 10 years A total of is owed in interest alone Christensen said It gets me through school and that is the ort ort- most important thing The question literally is whether you can qualify for financial aid If you were turned down this year dont don't assume the answer will always be no In Kiplinger's Personal Finance Magazine it stated The formula for aid is complex calculation calculation calculation cal cal- that includes the cost of the college your income and assets and the number of children you have in college Continued on Page 2 01 College Costs Continued from Page 1 Raymond Loewe president of College Money said In some cases its it's better to borrow temporarily than to invade assets From his finan finan- planning cial-planning firm in Marlton MarIton NJ Loewe said When senior year rolls use around your accumulated profits accumulated profits to pay payoff off the loans Kiplinger explains that subsidized Stafford loans are available to every every- one A freshman may borrow up to 2625 a year second-year student up to and other undergraduates up to In the subsidized loan program the government pays the interest while the student is in school and for six months thereafter Many students like Christensen apply for Stafford loans through banks and other financial institutions after the school certifies you are a student A loan can be process within with in four to six ix weeks Students must repay St Stafford ff d loans within ten years of graduation Shane Larsen a year two-year U of U student commented on Clinton's new idea of higher education Clinton believes that there is no rea rea- son why every high school graduate shouldn't earn an opportunity to a higher education Ill I'll give you the reason Clinton College costs are too high Larsen further said Attending is an excellent starting point to cutting down the cost of student debt A community college is a good I direction to g get t genera ge Leduca i- i tion The U of U is rs priced p ced around for general education and averages around for two years When the cost of college becomes overwhelming try for financial aid if you haven't already |