Transcripts for CNN Your Money 20130601 18:28:00 : vimarsana

CNN Your Money June 1, 2013 18:28:00

students thrive at very selective colleges and universities once they get there where as if they attend a non-selective post secondary institutions that they tend to apply to, they have about a 50% chance of graduating on time. >> meanwhile, she is still paying off her loans. she says she didn't have enough information to make the best choice. >> i heard about scholarships and opportunities you can get and i would research but there are so many out there. i never knew which would fit me. >> for very high achieving low income students the more selective the college or university they attend, the less they will pay. >> a lot less. the most competitive colleges have more resources and can offer more scholarships so low income students usually don't come even close to paying that scary sticker price. >> i understood that i needed to go to school for free because my parents would not be able to afford it. >> fausto grew up in harlem. >> there were often shootouts while we were walking down the street.

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