CLARION, Pa. (EYT) – Michael Patton, of Patton Financial Advising, submitted the following article: .

Even in normal times, it can be challenging for families to cover college expenses without borrowing money and/or risking their own retirement security. For the 2019–2020 academic year, the cost of in-state tuition, fees, room, and board at a four-year public college averaged $21,950, and the total for a private college approached $50,000.(1)

Sadly, the college world is not immune from the health fears and financial pain inflicted by the coronavirus pandemic. More students might choose schools that are less expensive and/or closer to home, take a year off, or forgo college altogether.

The American Council on Education predicted a 15% decline in college enrollment nationwide for the next academic year.(2)

Read the full article here.

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