After adjusting for financial aid, the amount families pay for college has skyrocketed 439 percent since 1982.
Houston, TX (PRWEB) August 28, 2008
College students and growing children have a chance to get extra discounts on South Shore Furniture and Prepac Furniture to get the Bedroom Furniture they need throughout the month of September. Parents of both new college students and kids who have outgrown their children-size beds are caught between a rock and a hard place. Do they shell out the extra cash for a new bed - on top of the already exorbitant price they're paying for tuition? Or do they let their children make do and risk the poor night's sleep that can lead to underperformance in school?
Home and Bedroom Furniture doesn't think parents should have to make such a choice. That's why until the end of September, the company is offering a back-to-school 10 percent discount on its full line of already discounted bedroom furniture. We hope this will give parents a chance to give their children the beds and other bedroom furniture that they had truly hoped to.
According to Pax World Mutual Funds, "In just the last decade, the real cost of a four-year college education has risen by an average of more than 50 percent at public colleges and universities and by 35 percent at private schools after adjusting for inflation." When the current cost of a collegiate education is compared to that of 25 years ago, the discrepancy becomes even more glaring. A Yahoo! Money article published last month reported, "After adjusting for financial aid, the amount families pay for college has skyrocketed 439 percent since 1982." That rate hike is "four times faster than the overall inflation rate and faster even than increases in the price of gasoline or health care."
Couple those whopping increases with the recession Americans are facing and it's no wonder parents are cutting back on back-to-school spending. Indeed, reports indicate that nationally, back-to-college spending is down seven percent from just one year ago, with elementary, middle and high school students all making do on cutback spending allowances.
"The current economic climate is hitting everyone hard," explains Home and Bedroom spokesperson Ben Weissman. "Parents are worried about how they're going to pay for heating, food and gas, never mind tuition. Our extra 10 percent back-to-school discount cuts, from now until the end of September, give them a much-needed break. Best of all, it's good on our entire line of already discounted bedroom furniture including versatile Metal Beds, Daybeds or Storage Beds that offer great space saving benefits."
To take advantage the company's extra 10 percent discount throughout the month of September, type in the code "back-to-school" at any checkout page. Parents of college and school-age students who would like to give their children a better night's sleep without spending a fortune can learn more about Home-and-Bedroom's full line of discount bedroom furniture, including Hillsdale Furniture and Fashion Bed Group, by visiting http://www.home-and-bedroom.com.
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