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Since 2008, states have reduced their school funding from taxes by 12%, the most pronounced drop on record. [15] The majority of targeted school funding reforms have been in response to court orders, often due to lawsuits. [16] Despite some efforts to improve school funding, 60% of schools report that their facilities need repair. [17]
Overall, public school enrollment fell by 710,000 students between the 2019-20 and 2021-22 school years in the 21 states plus Washington, D.C., that provided the necessary data.
According to a CNBC analysis, the highest student debt balances are carried by adults aged 25–49, with the lowest debt loads held by those aged 62 and older. [ 62 ] As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [ 63 ]
Back-to-school shopping has become less budget-friendly and more absurdly expensive. A recent survey from LendingTree found that 31% of back-to-school shoppers said they’re unable to afford ...
The economy impacts younger Americans’ views on money. 30% of U.S. adults say, due to the current economy, building financial wealth is harder for them than it was for their parents when they ...
Other programs are offered through military teaching or government-operated adult education centers. [1] Historically, vocational education was considered less financially lucrative in the long term than a bachelor's degree. There are several trade school jobs that earn a respectable income at much less cost in time and money for training. [2]
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On average, going to a public college for a four-year program is 23 times more expensive than it was in 1963. Higher fees have compelled students to rely on either student loans (which is now a $1 ...
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