College may become out of reach for most in U.S.

And you thought bigger class sizes might be a problem.

According to a report from the National Center for Public Policy and Higher Education, college may soon be financially out of reach for most Americans. Highlighted in an article by the New York Times, the report found that

published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.

The article goes on to note that Americans aged 25–34 are less educated than older workers, and that, with less access to credit due to the current recession, the trend of increasing college enrollment may soon lose steam. That isn’t so hard to believe with stats like these:

Last year, the net cost at a four-year public university amounted to 28 percent of the median family income, while a four-year private university cost 76 percent of the median family income.

I’m no math major, but my quick-‘n’-dirty calculations tell me that the cost of a Wesleyan education represents an astonishing 94 percent of the median annual income of an American family.

NYT: College May Become Unaffordable for Most in U.S.

8 thoughts on “College may become out of reach for most in U.S.

  1. Anonymous

    money not used for Iraq isn’t going to be used for education. the money wouldnt be spent at all if not for the war. if the government wanted to spend more on education, then they would regardless. the iraq war has nothing to do with the education budget. that said, we should get out of iraq anyway. but it wont help things on the education front.

  2. Anonymous

    money not used for Iraq isn’t going to be used for education. the money wouldnt be spent at all if not for the war. if the government wanted to spend more on education, then they would regardless. the iraq war has nothing to do with the education budget. that said, we should get out of iraq anyway. but it wont help things on the education front.

  3. Art Crass

    We need to cut the military budget to a far more reasonable level, and get out of Iraq, so we can have UNIVERSAL education for EVERYONE who wants it.

  4. Art Crass

    We need to cut the military budget to a far more reasonable level, and get out of Iraq, so we can have UNIVERSAL education for EVERYONE who wants it.

  5. Anonymous

    this is a shame. i want to know what warrants this increase. and yes, before you rip my throat out, i realize the cost of living is great, that prof. demand a large salary, and that approx. 16k of my tuition is paid for by alumni. but really, i cant believe that all of this equals a 439% increase.

  6. Anonymous

    this is a shame. i want to know what warrants this increase. and yes, before you rip my throat out, i realize the cost of living is great, that prof. demand a large salary, and that approx. 16k of my tuition is paid for by alumni. but really, i cant believe that all of this equals a 439% increase.

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