Featured Image:Various doctoral regalia shown during Worcester Polytechnic Institute Graduation May 2008. CREDIT: Alex Zozulya. SOURCE: Wikipedia Commons (Public Domain)
My name is Kimberly and I came across thehollowearthinsider.com after searching for people that have referenced or mentioned the cost of college tuition. I am part of a team of designers and researchers that put together an infographic highlighting how college tuition is growing faster than the incomes of most families. I thought you might be interested, so I wanted to reach out.
Thank you for sending this important information to THEI. We love to pass along information to our readers that might actually help some of them. Funding for collage and paying it back has become ridiculous.
Just as with many of the other things that past generations of American’s have worked hard to leave for their future ancestors, the Controllers seem to be using THIS PRESENT generation of young Americans to extend their “Dummy Down Education” program into HIGHER education by pricing the middle and lower-middle class out of the institutions.
We applaud you and your group for putting this information in an easy to read, easy to understand format. Please keep us informed about any future presentations of importance you might work on or hear of.
Dennis Crenshaw EDITOR
“This is one of the best put-together, easily understood presentations we have been asked to bring to our readers in a while. I am proud to present it and hope it helps some kid get a higher education. Things are going to be hard enough as it is over the next couple of generations and possibly beyond” “*****” . . . EDITOR
COLLEGE ISN’T CHEAP
There are dozens of benefits that justify earning a higher education, including–but by no means limited to–better employment prospects, access to jobs with higher pay and the broadening of a college student’s social and mental horizons. Even so, approximately one in two high school graduates choose to forgo these potential benefits because they cannot reconcile the cost of the college experience with the bleak reality of the financial situation in which many new college grads find themselves.
There’s no denying that college is outrageously expensive. And, unfortunately, it is only getting worse; while the average family income in the United States grew 147% in the years between 1982 and 2007, the cost of college grew by a staggering 440% in that same period. What that means in terms of real numbers is that the average cost of a four-year degree from a state school is now $30,000. Most American families do not have that kind of money up front, which necessitates that they borrow it from private or government programs that issue student loans. Unfortunately, student loans leave college graduates an average of $20,000 in debt when they finish school. And approximately 10% of graduates will have twice that debt to repay. Collectively, American students owe more than one trillion dollars.
Figures like these, in combination with the fact that only half of all college graduate obtained a full-time job in 2011, are why more than six million graduates cannot pay back their student loans. The economic recession that began in 2008 has made it exceptionally difficult for college graduates to find jobs in their field. The upshot is that students take on lower-paying jobs that do not require degrees in order to make ends meet. Even so, that limited income is, in many cases, not enough to pay back their debt.
One in six default on their loans and a whopping 85% of 2011 college graduates were forced to move back in with their parents after school because they could not afford their own living space. To keep your children from contributing from that statistic, there are several ways to start saving well ahead of the day they move into the dorms:. . . . Read Complete Report with photos/graphs/statistics.