While U.S. college students face tuition rates that far outpace inflation rates and more than $1.2 trillion in student debt, students in Germany, Finland, France, Sweden, Norway, Slovenia, Brazil, Luxembourg, and Iceland are receiving a quality education thats free. College costs in the U.S. have risen by more than 1,122% since 1978, Mother Jones reports. Thats a rate that far outpaces inflation, as well as the cost of other goods and services over the same period. To put this increase into perspective, the cost of medical care has jumped by 600%, while housing and food costs have gone up by less than 300%. These massive spikes in college costs are leaving students — and their wallets — in the dust. Some students are opting out of higher education because they cannot afford it. Others are taking on an amount of debt that will be more than 65% of their salary their first year out of graduation. The average debt for a college graduate is $29,400.
Posted on: Sat, 20 Dec 2014 04:21:09 +0000
Trending Topics
Recently Viewed Topics
© 2015