As millions of college students head back to school, it serves as a reminder of the massive financial committment that is paired with earning a higher education. And as YNN's Geoff Redick reports, some people believe that cost is just too much.
TROY, N.Y. -- College move in day is a yearly rite of passage, as freshmen students attempt to get settled into their new dorm rooms. It also marks the day those students begin taking on their student loans.
"Yeah, um, it's kind of scary," said David Rauseo, a freshman at RPI. "I'm going to be paying off a lot of loans."
At Rensselaer Polytechnic Institute, the freshman class is paying nearly $62,000 per student for one year of education.
"I did apply for many scholarships, and I did get some scholarships here," noted Rauseo.
The most recent data on scholarships and grants available to RPI students, still pegs the total cost of college at nearly $36,000 per year.
It is an issue President Barack Obama plans to focus on during his tour of Upstate New York. He will focus on the rising cost of tuition, and what can be done to bring it down.
"This degree will not lead to living at home, and working in some coffee shop," explained Paul Marthers, Ed.D., RPI Vice-President for Enrollment.
At RPI though, lowering tuition is not much of an option.
"An engineering education is more expensive. We need to have the most advanced equipment," said Marthers.
According to some college officials, the value of an individual education is directly proportional to the cost of it. However, not all the students agree.
"I understand more freshmen are coming in, so hopefully more students would drive the price down...but I don't see that happening with $60,000," said Wahaz Nasim, a junior at RPI.
While the President may speak about affordability and fairness this week, college administrators plan to counter that with value.
"Too much emphasis on price, seems to mask the idea that this is, probably, the single biggest investment you will make in yourself," noted Marthers.
"Yeah I, I definitely think RPI is a good value," added Rauseo.