Despite the rise in tuition, the average number of years required to recoup the cost of an undergrad degree was actually lower than in 2013 than in 1980.pic.twitter.com/lhl7iHu2TS
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Despite the rise in tuition, the average number of years required to recoup the cost of an undergrad degree was actually lower than in 2013 than in 1980.pic.twitter.com/lhl7iHu2TS
Hot take: The college affordability crisis is mainly about financing rather than tuition rise or stagnant incomes. Parental assistance was replaced with student loans.
Also note that if you don't graduate you don't get the college wage premium so you never recoup it (and you still have to pay back any loans you took out). And about half don't graduate within 6 years.https://www.washingtonpost.com/news/grade-point/wp/2018/06/08/why-do-so-many-students-drop-out-of-college-and-what-can-be-done-about-it/ …
Why isn’t this a bigger point? I get that politicians want to focus on getting people into college, because that’s the easy part. But why does the media focus so much on the MA in puppetry w 200k in debt versus the person with 40k in debt that never finished their bachelors?
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