Contrary to the prevalent belief that college affordability is deteriorating, data shows that the actual cost of obtaining a degree has decreased over the past decade. The average cost of attending public universities is down 21% since 2014-15, and private university costs, when adjusted for inflation, have fallen by 12%. It is suggested that high sticker prices mislead the public, as financial aid makes the real cost of attendance considerably lower, often comparable to 1990s levels. Thus, perceptions of rising costs do not reflect financial realities.
"People have it in their heads that prices just keep going up, up, up. And that's actually not what's happening."
"The average American is paying the same amount for tuition as they were in the 1990s."
#college-costs #tuition-fees #financial-aid #education-economics #college-affordability #tuition-costs #education-policy
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