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Is College Worth the 172 Percent Price Increase Over the Last 9 Years?
The cognitive dissonance between rising tuition and falling wages
from My Budget 360
$1.36 trillion. That should sound like a lot of money because it is. How much is $1.36 trillion? Texas has an annual Gross Domestic Product of $1.4 trillion. $1.36 trillion is the amount of student debt that is attached to millions of Americans like a financial albatross. There is an ugly thing about this unrelenting trend given that many students are now unable to payback their loans. It is no coincidence that young Americans are putting off marriage, buying homes, and starting families because of the incredible weight of debt they already carry from their college years. It would be difficult to argue that education is a “bad” thing. To the contrary, getting an education is vital and important. Yet with many colleges charging $25,000 to even $50,000 per year merely to study general education courses, you have to question the value of what people are paying for. The most expensive college seems to be Sarah Lawrence coming in at $65,480 per year for tuition, room and board, and fees. Just as a measuring guide, the median household income in the US is $50,000. There is a growing problem and student debt is growing into a financial avalanche.
Continue Reading at MyBudget360.com…
Source: http://silveristhenew.com/2015/06/11/is-college-worth-the-172-percent-price-increase-over-the-last-9-years/
