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One explanation posits that tuition increases simply reflect the increasing costs of producing higher education due to its high dependence upon skilled labor.According to the theory of the Baumol effect, a general economic trend is that productivity in service industries has lagged that in goods-producing industries, and the increase in higher education costs is simply a reflection of this ...
States with better financial development tend to be more unequal than those with worse financial opportunities; but the trends go in the opposite directions for high-income and low-income states, the former having more equality up to a certain level of development, beyond which the inequality rises non-linearly. [13]
Unequal access to education in the United States results in unequal outcomes for students. Disparities in academic access among students in the United States are the result of multiple factors including government policies, school choice, family wealth, parenting style, implicit bias towards students' race or ethnicity, and the resources available to students and their schools.
The amount of student loan debt in America will exceed $1 trillion this year, and is already greater than the total for credit card debt for the first time ever. On Wednesday, President Obama ...
Provide a world-class education to students, regardless of their family’s financial situation or ability to pay. Families making $80,000 or less, in a calendar year, will attend USC tuition-free.
The uncertainty surrounding student loan forgiveness, including law suits in six states and a “stay” granted by the 8th U.S. Circuit Court of Appeals concerning the Biden administration’s ...
Public universities increased their fees by 27% over the five years ending in 2012, or 20% adjusted for inflation. Public university students paid an average of almost $8,400 annually for in-state tuition, while out-of-state students paid more than $19,000. For the two decades ending in 2013, college costs rose 1.6% more than inflation each year.
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