![]() Others, however, have become more expensive on both fronts, or have had to hike up out-of-state tuition costs to keep in-state prices low. Some public universities have remained relatively affordable options for both in-state residents and out-of-state students. In the United States, the cost of public school depends on state residency. In some countries, such as Poland and Denmark, getting an affordable (virtually free) public education is within reach of all citizens and residents of other EU nations. In a world where a college degree is a potential path to financial success, but the degree itself comes at such a high cost, what's a student to do? In a phenomenon known as degree inflation, employers are increasingly seeking employees who hold four-year degrees, even for roles that have never required that level of education. The rising cost of college, combined with economic and physical hardship brought on by the pandemic, has contributed to a growing belief that college is not worth the cost.Īnd yet, the worth of a college degree in the workplace continues to grow, as college education becomes less financially attainable. ![]() And the debt crisis is only one issue impacting prospective college students the COVID-19 pandemic has taken a toll on college enrollment, with over a million fewer students deciding to attend school since the pandemic began in 2020. has become a genuine crisis- millions of Americans now cumulatively owe $1.75 trillion in student debt as of 2022, an amount second only to mortgage debt in terms of individual indebtedness. The weight of student loan debt in the U.S.
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