CNN-Money shares a simple but telling graphic regarding the increase cost of a college education and median income. According to the article “…if incomes had kept up with surging college costs, the typical American would be earning $77,000 a year. But in reality, it’s nowhere near that.”
This is particularly disheartening for low-income students – they’re literally getting priced out of college. I understand the rising costs are caused by numerous factors including budget cuts, infrastructure, salaries, etc. However, for whatever the reasons, the fewer people have access to higher education the more our workforce will suffer.