College Cost Reduction Book Details Mistake Of Students, Avoiding To Apply To Private Colleges

Online, January 24, 2012 (Newswire.com) - Recent studies reveal that typically, the yearly cost of attending private college is exceeding the salary of graduates during the initial years in a job. In fact, today's newborns - expectedly the class of 2034 - can possibly pay an average of $288,000 for a four-year course at a private college institution or $123,000 at a public school, considering the current value of the dollar. Owing to the rising costs of paying for college, parents cannot help but rethink investing in higher education.

CollegeAidForMiddleClass.com was created with a mission to assist families and students to fully understand the ways to effective college cost reduction. The brainchild of Clark College Funding Inc. and Tuition Publishing, the website presents a variety of interactive programs that educate and coach families by increasing their knowledge of the college planning and college aid process, including acquiring college grants.

CollegeAidForMiddleClass.com endorses "College Aid for Middle Class America," an insightful book that reveals the step-by-step system to college cost reduction. Authored by Clark College Funding Inc. president and principal educational strategies Ryan Clark, MBA, CCPS, the book reveals eleven foolish things families do and don't do that cost them thousands of dollars in college tuition fees.

CollegeAidForMiddleClass.com zeroes in on the prevailing scenario of parents preferring state colleges over private colleges, thinking that there is a significant difference in the cost of attendance or COA - the estimated cost of completing a full year of college. According to the website, the average annual COA of a state college, private college and elite college in the United States are approximately $14,500, $33,000 and $50,000, respectively.

Shedding light on the matter, CollegeAidForMiddleClass.com explains that in many cases, a private college can be about the same cost or cheaper than a public state college. "Most parents make the mistake of looking only at the COA and not the final price when comparing colleges, and believe that state college will be the cheaper choice," explains Ryan Clark. "Don't be intimidated by the sticker price of the college," he adds.

According to CollegeAidForMiddleClass.com, the state college COA of 15,000 requires an expected family contribution of EFC - the amount of money the college or the government expects this family to pay - of $5,000. Out of the $10,000 of financial need, most state schools do not meet the entire amount. A as result, the family will somehow need to come up with money to cover the gap.

On the other hand, private colleges tend to meet a greater percentage of the amount. More importantly, private colleges also tend to meet the majority of a family's financial need with "gift aid" or "free money," according to CollegeAidForMiddleClass.com.

Families seeking information about to ease the financial burden of paying for college should visit http://www.collegeaidformiddleclass.com to learn more.