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The cost of college has increased at a rate that far outpaces inflation, with data showing that prices have surged by 135% from 1963 to 2021 across all types of schools. Few people can cover the ...
Here’s what the debt picture looks like across a few key borrowing categories. Credit cards. The average amount of credit card debt per consumer in the U.S. in 2023 was $6,501, according to ...
Source: Payscale Pros of going to trade school It’s more affordable. According to College Board’s latest report, the average in-state student at four-year public colleges spends $28,840 a year ...
Private schools are typically much higher, although prices vary widely from "no-frills" private schools to highly specialized technical institutes. In 2023–2024 school year, private schools had an average list price of $41,540 for tuition and fees. [7]
With college setting students back an average of $36,436 per year, young people today are questioning the return on investment they’ll get on the qualification.
A college degree's declining value is even more pronounced for younger Americans. According to data collected by the College Board, for those in the 25–34 age range, the differential between college graduate and high school graduate earnings fell 11% for men, to $18,303 from $20,623. The decline for women was an extraordinary 19.7%, to ...
Over the last 30 years, tuition has increased 1,120 percent; by comparison, even the "skyrocketing" cost of health care only rose 600 percent, and housing costs have gone up a paltry 375 percent ...
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.