Today’s parents are paying substantially higher out-of-pocket costs for higher education than their parents did 30 years ago. And the public has noticed. Three out of four Americans say college is unaffordable for most people, according to the widely publicized survey Pew Research Center survey “Is college worth it?”
A four-year degree is becoming increasingly difficult to attain due to several factors:
–College costs are rising at nearly three times the rate of inflation, according to FinAid.org.
–More than 1 in 10 students graduate with more than $40,000 in undergraduate student debt, according to the Project on Student Debt.