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Education level. Currently have student debt. Had, but paid it off. Never took on student debt. No high school, High school graduate. 8%. 9%. 82%. Some college, 2-year degree
The reality of college tuition debt was on display at the Northeastern University graduation at the TD Garden on May 3, 2019. (The Boston Globe via Getty Images) (Boston Globe via Getty Images)
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 ...
The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.
Between 1982 and 2007, college tuition and fees rose three times as fast as median family income, in constant dollars. [52] In the 2012 fiscal year, state and local financing declined to $81.2 billion, a drop in funding compared to record-high funding in 2008 of $88 billion in a pre-recession economy.
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]
In February, Vanderbilt announced the expansion of the Opportunity Vanderbilt financial aid program to cover the full cost of undergraduate tuition for all students from families earning less than ...
From the 1990s to the 2010s, tuition and fees jumped 440%, as federal loans for students became more generous. [23] Student debt has correspondingly increased as a result. [83] U.S. population pyramid in 2023. The number of Americans of college age will drop by the late 2020s, [84] at a faster rate by the late 2030s. [85]