Have you ever thought about what it was like to go to college in the 1940s? Well, if you read the numbers and statistics you may wish you could go back in time. Compared to the G.I. Generation and others, current college students are graduating with an unprecedented amount of student debt.
Not only are tuition costs rising dramatically, but costs of housing and books have also skyrocketed. This will not only affect the current generation of college students and graduates. The rising debt will hinder their ability to send their children to college.
Take a look at this generational approach to college student debt, with information compiled by Consolidated Credit. Since the 1940s, students have had to deal with a steady increase in the cost of education and the numbers for the future generation are staggering.
OMG. The idea that Yale should cost $7,000 per year. Wow. The info graphic states that Columbia is the most expensive at $ 47k. That is tuition and does not include room and board. Most schools in that league actually cost over 60k per year. So a full cost of four years could be just about $250k. Remember, that many schools have large endowments and have loads of scholarship money. 60k is like the sticker price on a car. Ignore it and negotiate a better deal.
What is sad is that Target and Starbucks are the largest employers of 20 somethings.
~ Christie
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