With more people attending colleges charging ever-higher tuition, the number of borrowers has increased 70 percent in 10 years. So has the amount that the average student borrows. In 2004, 23 million people had student loans, and the average balance was $15,651. By 2013, 39 million people had student loans, and the average balance was nearly $25,000.
Tuition at even a state school is now so expensive that even if I’d be able to get into Madison these days (my GPA was decent but not outstanding and I sucked at standardized tests) I wouldn’t have been able to afford to go. But hey, everybody who is poor should just make different choices, like be born to millionaires! Get on that, zygotes!
A.
…or become Governor of the State of Wisconsin!
See the link:http://www.jsonline.com/blogs/news/254266501.html#!page=3&pageSize=10&sort=newestfirst
With more people attending colleges charging ever-higher tuition, the number of borrowers has increased 70 percent in 10 years.
The second, third and fourth words in that opening sentence are extraneous.
I’m relatively young compared to most people I’ve seen in these parts – I graduated high school in 2003. As valedictorian of my class, UW-Madison offered me 50% tuition to attend (I ended up starting at the University of Minnesota, because they offered me 100%). At that time, for fall 2003, 50% of tuition was $2500/year – meaning tuition was $5K.
The cost of attending UW-Madison has literally doubled since then. What in the actual fuck, you guys.
When I attended back in the days before man could talk or think, tuition was $420 per semester undergrad, and $740 per semester for law school. I could put myself through school. There is no possible way I could do that in today’s economy. The higher educational system has been rigged so that only the 1% can go.