Would You Sell Stock in Yourself to Pay for College? Some Students Will Soon have That Option
- April 16, 2016
- Posted by: vemo_madmin
- Category: Back a Boiler
By: Jillian Berman
For many students, federal student loans don’t cover the cost of college. Purdue University is aiming to be a pioneer in a way to help students bridge that gap.
The government caps the debt available to most students at roughly $27,000 (total) for four years of school. Given that the average cost of a year of public school was $9,410 and $32,405 a year at a four-year private school last academic year, it makes sense that many families need to find more revenue sources to finance college. Some turn to private loans taken out in either a parent’s or the student’s name, and others take advantage of Parent PLUS loans, which is the government loan option for parents.