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Stanford named top "dream" school among students, parents

Posted On Wed, March 27, 2013

With graduation season approaching, many high school seniors are beginning to realize that college life is just around the corner. And while many of these students already know where they'll be going when September rolls around, some may be attending a university that wasn't their first preference.

Education services company The Princeton Review recently released its "College Hopes and Worries Survey" which details the concerns and aspirations students have headed into their first term as an undergraduate.

In addition to their stresses about how they will handle the expense of attending college, the poll also analyzed which schools respondents most frequently described as their "dream colleges." Students attending college and parents responded, many of whom provide financial assistance to help their kids pay for tuition.

Both for students and parents, the most common response was Stanford University, which is located in California. The second-most named was the Ivy League institution of Harvard, in Cambridge, Massachusetts.

Three of the top five "dream" schools were Ivy League, including Columbia University in New York and Princeton University in New Jersey, according to the report.

The Princeton Review poll also looked into what students' and parents' biggest worries were. At 40 percent, "level of debt incurred to pay for the degree" was the most significant stressor. This contrasts from previous polls, as in 2009 not getting into their first-choice college was the prime worry, while in 2012, the chief fear related to not having the money to attend a school after being accepted.

According to federal statistics, the average amount of debt students assume after graduating with a Bachelor's degree is in excess of $25,000. Parents willing to offer assistance to their kids may want to consider financing it through a life policy after gathering several life insurance quotes.

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