Tuesday, Jun 19 2018 | Updated at 10:35 AM EDT

Stay Connected With Us F T R

Mar 31, 2017 11:22 PM EDT

It is no longer the acceptance or rejection to their dream schools that college applicants worry the most right now. The biggest concern of the soon-to-be college students, as well as their parents, is the cost of higher education.

According to International Business Times, a 2015 study suggests that 70 percent of college kids are worried about money issues. And then, here is a recent survey by Princeton Review which basically says the same thing - that parents and students worry about the level of student debt they might take on by sending their children to college. This is also the very same reason why the applicants are hesitant to attend their top school.

These survey results are just an addition to the growing evidence that students and parents are becoming more concerned about the fact that college will enable their children to pay off the loans they took to earn their degree, according to Market Watch. They are worried that the investment they put into their children's higher education will not pay off.

Watch video

Because of these concerns, students have felt more pressured to get into a name-brand school, or the schools that they will are going to help them a lot when it comes to landing a promising job, like Stanford University, Princeton University, Harvard University, and the Massachusetts Institute of Technology. That is partly because families believe that attending these schools will more or less give them a secured financial future.

While there is a good chance for students to achieve financial success when they attend these institutions, parents still try to look for their other options, according to Robert Franek, the editor-in-chief of Princeton Review. However, a research states that students do not necessarily have to earn their degrees from top tier schools in order to be successful, because are plenty of other non-selective schools that can lead their graduates toward lucrative jobs with high salaries.

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows college, students, worry, cost, higher education
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.

Research Reveals Boys' Interest In STEM Careers Declining; Girls' Interest Unchanged

May 24, 2018 AM EDTYear two of Junior Achievement & EY survey of 13-17-year olds shows how teens' career ambitions, educational priorities and economic outlook have ...