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A college education has become a rite of passage for many students in America, and studies continue to show that college graduates are more likely to become higher earners than those without a degree.
Only tiny Luxembourg spent more, but the government there covers the cost of college, as governments do in one-third of the developed world. Andrew Lisa contributed to the reporting for this article.
Public colleges and universities are under similar pressures, as the number of students enrolled in those schools plunged to 10.2 million in 2023, down 12% from a 2011 peak.
The 2010s were a turbulent period for higher education in the United States, as small private colleges from across the country faced deep financial trouble as they had to make high tuition discounts in order to attract students at a time when higher education costs were increasing, regulation was becoming more stringent, and demographic ...
Tuition for college has increased as the value, quality, and quantity of education have increased. [citation needed] Many feel that increases in cost have not been accompanied by increases in quality, and that administrative costs are excessive. The value of a college education has become a topic of national debate in the U.S.
Pell Grants, which were created to offset the cost of college for low-income students, started funding more middle-class students, stretching the funds thinner for everyone. During the mid-1990s 34% of the cost for college was covered by the maximum offered Pell Grant, compared to 84% during the 1970s. [16]
And here’s where the tuition discounts become a problem: Private colleges cut, on average, 56.2% of tuition for first-time undergraduate students, meaning that colleges, on average, give up $56. ...
College is really expensive. And it just keeps getting more expensive. The average tuition at US private colleges grew by about 4% last year to just under $40,000 per year, according to data ...
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