Posted In: Future Educators, Higher Education, Uncategorized
Tuition, textbooks, housing, meal plans…the cost of obtaining a college degree continues to escalate with no end in sight. Tuition is rising, debt is growing and students are the ones suffering.
How have rising costs affected you? Are you one of the millions of Americans affected by student debt? Whether you’re a student, a parent or an educator, please share your story. Make sure Congress and voters know how paying too much for school hurts all of us.
At a time when post-secondary education has become even more important, students and their families are scrambling to pay for that education. We jeopardize our future, as a nation and as a global competitor; if we do not help our future leaders realize their potential. We must ensure a college and post-secondary education is affordable and attainable.
Over the last 20 years, the cost of higher education has shifted dramatically from the state to the student, and the burden on students and their families is growing:
- When the Pell Grant program was first created, the maximum grant for the poorest students covered over 80 percent of the cost of a public four-year college. Today, it doesn’t even cover 40 percent.
- Average cost of tuition at a public college increased 4.8% this past year, following increases of 8.4% in 2011-12 and 8.0% in 2010-11, but median household income has fallen 8 percent since 2007.
- Two-thirds of college seniors who graduated in 2011 had student loan debt, with an average of $26,600 per borrower. Meanwhile, unemployment for young college graduates remained high at 8.8 percent in 2011.
- In 2012 total student loan debt surpassed $1 trillion. Unlike most forms of debt, student loan debt cannot be erased through bankruptcy.