The Senior Year Dilemma: Financial Aid vs. Rising College Tuition
With the average college tuition reaching new heights at public and private universities, high school students and their parents, particularly those of lower income, are under greater pressure to not only find the most suitable institutions but also the best financial aid packages. Although many universities, including Quinnipiac University in Hamden, provide financial aid packages to a large portion of students, they may not be able to cover all their students’ financial needs and may force students to transfer or take on crippling debt, Charlene Torres, a Quinnipiac senior from Bridgeport, said. Torres said some of her friends have had to drop out of Quinnipiac due to their inability to continue paying the tuition or their increasing debt. “I know my roommate sophomore year was taking out $30,000 in loans every semester just to go here,” Torres said. Financial aid is a common concern on campus.