Tuesday, February 14, 2023

Enriching Education - Cost of College vs. Inflation

 MyElearningWorld recently released a new report showing that the cost of attending college is largely outpacing inflation - over 3x in the last 40 years. 


The report includes graphs (feel free to use them!) along with other notable findings:
  • If the cost of going to college rose consistently with the U.S. inflation rate over the last 40 years, students would be paying an average of $9,705 for a full year of attending a public university or $21,623 for a year at a private college
  • the cost of going to college has increased by as much as 649% in some cases
  • between 1980 and 1990, the cost of going to college basically doubled — rising 141% for private universities and 99% for public colleges
  • enrollment across all two and four-year universities dropped by 3.1 million students from 2012 to 2022
  • wages aren't even keeping up with inflation, let alone student debt
You can view the full report, along with their analysis, here: https://myelearningworld.com/college-tuition-inflation-report-2023/

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