Friendly Reminder: College Now Costs 440% More Than It Did 25 Years Ago
10:00 am, August 24th | by Amy Tennery
You may have heard of a certain someone’s plan to cut $170 billion from the Pell grant program, an education fund that provides scholarships to low-income would-be college students. And while $170 billion sounds like, well, a lot, it’s an even more staggering figure when you consider how expensive college is to begin with.
New data show that college costs have risen dramatically in the last two-and-a-half decades. Dramatically to the tune of 440 percent. That’s almost four times the rate of inflation, according to a new infographic you see below. Meanwhile, the median debt for college grads still hovers above $22,380.
Read on for more staggering stats:
[via Cool Infographics]