The grades are in and our state isn’t doing so well when it comes to paying for college.
An independent study says 49 states, including North Carolina, get an “F” when it comes to college affordability.
ECU Freshmen La’Trish Mack said simply, “College is expensive.” And affording that expense isn’t easy.
The survey conducted by The National Center for Public Policy and Higher Education looked at two year and four year public and private college costs compared to annual family incomes.
The average cost for a four year in state school is almost $11,000. For a family whose income is only $17,000, for instance, even with $5,000 in financial aid, college tuition still takes up more than 30 percent of that family’s annual income.
And the wallet gets even lighter for students coming from out of state.
ECU senior Shane Sico said, “It’s significantly more from when I compare with my friends, I know they are paying about six thousand for a total year here at ECU and I think I’m paying about triple that.“
But the College Foundation of North Carolina says there is help out there.
In a statement to eyewitness news they explained, “In North Carolina, we are fortunate to have more than $300 million in need-based scholarships and grants available for students to go to college. All you have to do to apply is fill out the free application for federal student aid (FAFSA) form in January.“
Still paying back those loans when college is over is a headache for some students, even those paying in state tuition.
Todd Michaelsen said, “I do know once I get out of here, it’s going to be pretty difficult to pay for because I have so many piled up over the years.“
It’s not all bad though, the survey also says North Carolina is up, in areas like participation and completion.
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