Recession & College

Recently the recession has taken a big toll on college tuition and also caused colleges to make some cuts. Last year I attended Clark Atlanta University. The cost of attendance for the year was 30,000 which was already ridiculous. When the recession hit, there was talk that they were going to raise tuition even further. This is one of the many reasons I decided to come back home and go to school in PA. During the second semester that I was there, they started cutting teachers and a lot of my classes got messed up. I had to change English classes about 4 times because my teachers were being layed off and we were already about 3-4 weeks into the semester when I finally got settled causing me to be behind. Another way the recession was taking a toll on college was that a lot of private loan sources were cutting people's funding off. A few of my friends had gotten their money pulled from underneath them in the middle of the semester causing them to have to leave school. Others got evicted out of thier dorms because thier funding didn't cover thier rent anymore. To avoid any of this happening to me I decided to stay close to home and only take loans from well established and well known lenders that seem secure.