A college scholarship in today's economy is now more important than ever. A recent study conducted by LSA Portfolio Analytics took a closer look at the rising cost of college tuitions on a national average. The findings are quite remarkable. The inflation rate for college tuition is 6-7% each year, which means if you have an 8-year old son or daughter right now the cost for them to attend an out-of-state public college in 10 years will cost roughly $222,000 and $300,000 for a 4 year private college. Current cost for the same out-of-state public college would cost an 18-year old roughly $124,000. In just a decade the cost for college will increase nearly one-hundred thousand dollars. Some more alarming statistics found by LSA were: By the time a 2013 senior in high school graduates their cost for each college will cost:
College scholarships of any amount will help offset the staggering cost of college tuitions; therefore, it is important for athletes and parents to begin the search of scholarships at an early age. By the time a freshman in high school graduates in the year 2016, it will cost almost $84,000 to attend a 4 year in-state college and $148,000 for a 4 year out-of-state college. If this isn't alarming to families then I don't know what is. Not every high school athlete will get a full-ride to play college sports, but there are many avenues for high school athletes to obtain money for college: financial aid, academic scholarships, athletic scholarships, and others.
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