Money Matters: College Tuition Compared to Minimum Wage

 MyElearningWorld released a new report showing that the average college student in 2023 has to work about 4x as many hours on minimum wage as a student 30 years ago to access the same education.

Important Findings:

• 30 years ago, the average student at a public university could pay for a full year of tuition by working around 500 hours at a minimum wage job
  
• Today, the same student would have to work 2,022 hours on average at a minimum wage job to cover a year of tuition at a public university (~39 hours each week, all year long)
  
• Students who want to attend a private university would have to work about 4,646 hours on average at a minimum wage job to cover a year of tuition (~89 hours each week, every week of the year)
  

You can view the full report, along with their analysis, here: https://myelearningworld.com/college-tuition-minimum-wage-study/

The report also includes a state-by-state breakdown of the data, showing how much students in each state would need to work to pay tuition.