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With the fall semester just around the corner students setting up for college could be -- for a rude awakening.
Last minute tuition hikes and financially they thought was there's no longer available.
Here to tell us why and what you can do about it is okay.
-- Hurley director of state relations and policy analysis for the American Association of State Colleges and Universities.
-- welcome to the show.
Good to be with you Jerry -- if I was a parent.
Of a college age kid this year and I found out at the last minute.
That I was gonna have to pay another thousand bucks 2000 -- what ever let me tell you I would be -- why is this happening.
It's really a response to State's efforts to cut back on spending and as we all know states have had to cut.
Tens of billions of dollars.
And not to cover a budget deficits.
Unlike the federal government they have a constitutional obligation to -- a balanced budget at the beginning of the year.
And does so -- -- unfortunately turned to a lot of the public sector but certainly higher education state public higher education has been high in the cross hairs.
So they've made up a lot of cuts.
Isn't like a contract once you've agreed to send your kid to a certain school at a certain price point isn't that locked again.
It is not -- a lot of times to be at admissions process will take of fact early in the year January February march and their spring.
But unfortunately -- campus leaders and system leaders are put in it terrible bind in that.
A significant amount of their revenue stream of course constant state a lot of times legislatures.
Don't pass budgets until.
May or June we saw couple weeks ago in California.
Budget that was vetoed it was finally passed and then -- a 650 million dollars in cuts.
Were handed to the cal state university California system.
While they have -- you know hire faculty and and in the classroom and so that's an example of a last minute.
You know scenario where there's going to be some issues and in funding university operations for the coming fall.
Well Dan alleys knew it was -- it come back taxpayers.
I mean I guess what you're saying makes a ton of sense I get it.
But boy I think college parents out -- college age students parents are going to be.
Unhappy about it good news is you have some tips for us today.
Help people out who -- find themselves in this situation you say you have to -- the relationship with the financial aid officer is that really possible.
I think so I certainly there are some larger schools and so the intimacy might not be -- but it certainly.
It it pays a lot of dividends for students and their their families to really get to know the financial -- system there's a lot of resources out there on the web.
Fine -- dot org is a really popular one and but certainly to build a strong line of communication with the financially -- opposite of the intended college and university.
There is a lot of granted out there and and it's very important to convey that while we're seeing a lot of reports of in some cases double digit tuition increases.
Universities take a lot of those revenue proceeds.
And funnel them back into institutional student financial -- dollars and so.
Especially students from -- -- -- middle income families.
They -- actual price not might might not increase is much and so I think there are grant -- opportunities lot of folks.
Private money is out there so.
First is to get -- make sure that you're getting all that that kind of a free grant -- scholarship.
Money's there may be about what to you.
There's a lot that still out there again I absolutely it's very -- -- there is it's gonna go out there.
People don't really realize how much free money -- it won't forget about the loans there's a lot of scholarships out there.
But I wanna get into your last point which I think is critical here head and and really -- you say don't let costs scare you away from going to college.
Yeah well certainly.
I would say in addition to getting -- knows student financial aid office if -- gonna borrow money.
Make sure you first turn to a federal subsidize -- loans four students and -- parents second save a lot of money.
Private -- secondarily sadly in the long run.
But first I mean -- first and foremost is certainly for individuals looking to go to especially public sector colleges Community Colleges state colleges and universities.
They're expensive but it is an extremely prohibitive at this point in time in every my ultimate point is to not be deterred.
Keep that aspiration going in the return on investment to individuals.
Both economically and socially.
Is is tremendous to them to their communities to states in the nation as a whole also.
If you have intentions are going to college it's gonna keep those -- Education is a good thing is on -- don't pay too much for it dance.
Thanks for coming into -- great job really fascinating story that well now I think parents watching her prepared for thank you.
All right come --
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