In 2014-15, the average annual total tuition, fees, room and board rates at a four-year public institution was $20,000, up from $14,000 in 2006-07 — a nearly 43% increase, according to Sallie Mae. Likewise, the full cost of attending a four-year private institution was $44,000, up from $32,000 in 2006-07 — a 37.5% increase.
Posted by Michael VanErdewyk | August 17, 2016
It’s that time of year when thousands of families are settling their kids into their college dorms and apartments. A semester’s worth of bills piles up quickly. The tab at the campus bookstore alone is staggering.
Millennials aren’t coming into your branch asking about checking accounts, car loans, or even student loans. Where are they going? Addicted to the 24/7 accessibility and near-instant response of online and mobile banking, these future customers don’t see banks in the same light as their parents do.