Attacking College Costs: SUNY Students, Parents

Summary

Bloomberg's Scarlet Fu visits SUNY Purchase on move-in day to ask students and parents how they are paying for college. Families describe relying on financial aid, scholarships, RA housing, loans, savings, fundraising, and community-college transfer plans to manage costs. Parents highlight early planning and long-term financial strain, especially for arts degrees. The segment is personal-finance reporting with no market or tradable investment thesis.

• Students cite FAFSA, TAP, Excelsior Scholarship, and RA housing as cost-reduction tools.
• One student took loans in the first year and is now repaying them.
• Another student raised about $3,500 through a self-produced fundraising show.
• A student recommends community college before transferring to a four-year school.
• A parent estimates total cost around $32,000, driven heavily by boarding and meal plans.
• Arts-family parent notes an education savings program and delayed retirement.
• No tradable securities, sectors, commodities, or investment ideas are presented.