<p>How will/is the current economic crisis affect/ing college choices and feasibility?</p>
<p>As you all know, the US, and more recently the world as a whole, is going through a major economic crisis. This started sometime last year and was caused by multiple factors (bank credit problems, sub prime mortgage problems, oil/food prices, etc.). </p>
<p>I was wondering how you think this will affect future and current college students in terms of college affordability and feasibility of attending college. To me it looks like the main problem will be getting loans to pay for it. It looks like affording college will be much harder this year than any other year. As I have been telling people before at school "this is a pretty crappy year to apply to college."</p>
<p>Any thoughts?</p>
<p>There was an article in Time Magazine by Niall Ferguson, and it mentioned that student financial aid (including loans) is getting scarce. Thus, a lot more students might opt for full rides at their state schools rather than try to pay for 50K/year at "top tier" schools.</p>
<p>Actually it might be good for some students. The economic collapse has strained many middle/lower class families and thus those students probably won't be able to afford tuition at top tier schools. However, if the crisis has not really hurt your family's wallet then it might be better to go big, because there will probably be less competition. Ivy League though has their policy of 10% contribution (or atleast Harvard) so expect that their applications received will most likely increase. </p>
<p>My 2 cents.</p>
<p>PHD</a> Comics: Enrollment vs. Unemployment Rate
I know that this isn't in relation to undergraduate admissions but it is strikingly apt for graduate admissions and is a laugh in itself.</p>