How Texas State students cope with the rising cost of college during the recession

During trying economic times, paying for college becomes a greater challenge that before. Tuition costs are on the rise, and financial aid does not usually cover all of the expenses needed to receive a degree. Students must find ways to pay for tuition, books, supplies and living expenses without putting themselves in a debt that will haunt them for years after graduation.

The average college student will graduate with over $30,000 in debt. Once interest is added, this debt could take years to pay off. Many students take out loans with the hope of using their degree to get a high paying job that will allow them to pay their debt with ease. Unfortunately, employers are hiring fewer people straight from college and are offering lower starting wages as the recession continues.

Traditionally, parents have paid for their children’s education, but it is becoming harder for parents to cover these expenses as money becomes tighter.

Students at Texas State University are not exempt from the financial problems faces by the rest of the nation. The university is considered a value college, that is, it is less expensive than other universities with similar offerings, but with in-state tuition and fees at about $7,000 a semester, many students are having trouble keeping up with costs.