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Big Personal Goals That You Should Put Your Money Toward
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How Parents Should Invest Now to Pay for College Later
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The Best Colleges With Tuition Under $20K
By Jordan Rosenfeld of GOBankingRates |
The class of 2019 was the last of the millennial generation to graduate from college. And while that is something to celebrate, many members of this age group are now saddled with insurmountable student loan debt. Add to this a global pandemic, in which most students must study at home until it’s safe to return to campus, and it’s an interesting time to be a college student.
Historically, tuition costs have risen 3% every school year; after the Great Recession, state budget cuts caused tuition and fees to skyrocket. State funding in 2018 for two- and four-year colleges was more than $6.6 billion below the 2008 funding, according to the Center on Budget and Policy Priorities. These ever-rising costs make it considerably difficult for students to even enroll in college, let alone graduate.