"Expensive lessons: Charting the rise of college tuition fees"

"Expensive lessons: Charting the rise of college tuition fees" highlights the financial burden of higher education in the U.S. and recent developments in the student loan debate. Private lender SoFi has filed a lawsuit against the Department of Education to end the 36-month suspension of student loan billing. Meanwhile, President Biden's proposed student debt forgiveness plan, which could erase up to $20,000 in debt for 40 million borrowers, faces legal challenges in the Supreme Court.

The piece also underscores the soaring costs of college education. Since 1980, tuition fees have risen by 1246%, far outpacing overall inflation (285%). Costs for textbooks and other educational materials have surged by 949%, further fueling skepticism about the value of a college degree. This financial strain has contributed to a decline in college enrollment, which dropped by 4.1% in 2022.

Source: https://sherwood.news/world/cost-of-education-keeps-going-up/

Submitted December 08, 2024 at 05:03AM by CuriousActive2322 https://ift.tt/mgFInW2