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One explanation posits that tuition increases simply reflect the increasing costs of producing higher education due to its high dependence upon skilled labor.According to the theory of the Baumol effect, a general economic trend is that productivity in service industries has lagged that in goods-producing industries, and the increase in higher education costs is simply a reflection of this ...
Tuition Ignition: A week-long series looking at the soaring cost of college at public and private institutions Melanie Bradshaw was determined to go to New York University, her dream school: so ...
As of 2018, Canada is ranked third in the world (behind Russia and South Korea) for the percentage of people ages 25–34 who have completed tertiary education. [1] As of September 2012, the average debt for a Canadian post-university student was 28,000 Canadian dollars, with this accumulated debt taking an average of 14 years to fully repay based on an average starting salary of $39,523. [2]
There is concern that the possible higher education bubble in the United States could have negative repercussions in the broader economy. Although college tuition payments are rising, the supply of college graduates in many fields of study is exceeding the demand for their skills, which aggravates graduate unemployment and underemployment while increasing the burden of student loan defaults on ...
152,000 student-loan borrowers are getting $4.2 billion in debt cancellation through Biden's relief efforts a week before Trump takes office Ayelet Sheffey January 13, 2025 at 12:15 PM
Deciding to go to graduate school can be a huge benefit to one's career, but it can also bring thousands of dollars in debt -- some of which might not be paid off in the near future, or ever. Read ...
The non-profit organization Student Debt Crisis along with Summer, a social impact startup that helps student debt holders published a national survey in 2018 that found 59% of respondents were prevented from making large purchases, 56% from buying a home, and 42% from buying a car. 58% reported that their credit scores had declined due to the ...
A new survey from Lending Tree shows that a third of parents are willing to go into debt to get their children ready for the classroom. Matt Schulz, Chief Credit Analyst at LendingTree joined ...