The mean increase in college tuition is 4.
For-profit colleges account for 10 percent of enrolled students but 44 percent of student loan defaults. It does not include the cost of staying in a dorm, eating at the cafeteria, or even buying books.
Sadly, that feat is virtually impossible for the current crop of students and recent graduates. According to figures from the Federal Reserve Bank of St. Department of Education released detailed federal student loan default rates including, for the first time, three-year default rates.
Clearly, the data tells a grim story. With a college degree often being a basic requirement for professional jobs, not getting a college degree can put workers at a major disadvantage in the job market.
The price of going to college has been increasing since the s.