Paying for College

Prom Planning Beats College Costs Planning

A survey conducted by Sallie Mae released yesterday revealed several surprising, if not shocking, statistics on how serious high-school seniors take paying for college. The survey, which compared their prom decisions to their financial loan decisions discovered about half of senior girls and senior boys spent more time planning for their senior prom (such as picking out their attire or deciding who to ask to the big event), than planning on how they will pay for college. First things first, I guess.

The survey's main implication is that, on average, girls and boys spend $200 or less on their prom, but the average annual college price tag is $17,000. Here are some more details about the survey:

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