Cost of College adding up - Lima, OH News Weather Sports

Cost of College adding up

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A new report released this month by the Department of Education shows more and more college students have gone into debt to pursue a degree.

Nearly 2/3rds of graduates of the class of 2008 borrowed for college compared with less than 50 percent of students borrowing in the 1993 graduating class.

In 2009, 60 percent of the 2008 graduates hadn't begun to pay off their student loans.

There are ways of financing higher education without going broke.

Kaity Oestreich an OSU Lima student from Ada is studying biology with hopes of a career in physical therapy.

The junior was part of a panel discussion Friday on the local campus that looked at finding ways of making college more affordable.

Oestreich says she has found many scholarships available that helped reduced the cost of college and also the chance to work at the school helped too.

Assistant Director of Financial Aid, Josh Luke says one way to reduce the cost of college is to start off at a smaller campus like OSU Lima and check out the many scholarships that are available.

Another trend the Department of Education study found was that 27 percent of the graduates in 2008 were back living at home because they could not find work in their field of study.

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