The cost of attending college has grown at a far faster clip than median household incomes, creating a barrier for many US families
Across the country, proud parents are watching their children, mortarboards firmly attached to their heads, stride onto a stage to collect their college diplomas.
Graduation is the reward – finally – for an investment that can cost an average of anywhere from $36,000 to $144,000 and leave the student and their families struggling with debt that could take decades to pay down. That’s especially true if the newly minted graduate has a tough time finding work or ends up in a poorly paid but still useful field, such as teaching or social work.
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