September Newsletter

By the numbers: The price of college

With classes now underway at most universities, students are starting to dig into their semesters full
of credits. They are also digging into their wallets,
as a report from the Federal Reserve Bank of New York showed that student loan debt is currently the largest chunk of non-housing debt in the U.S., beating out both auto loan debt and credit card debt.

Here is a look at the numbers that showcase the current state of college prices in the United States.


According to a Forbes report citing the Federal Reserve Bank of St. Louis, the median cost of a four-year degree has increased at a rate eight times faster than the rate which median wages have increased. While the cost of a degree has doubled since 1989, wages have only seen a marginal increase.

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