While rising tuition costs are nothing new in the world of public universities, a recent College Board report shows that financial aid has continually failed to keep up with the increasing cost of high education, resulting in more students having to pay more of their own money for tuitions higher than previous generations.
Between the 2016 and 2017 academic years, the average cost of college tuition went up .7 percent -- a much smaller increase than previous years, thanks to the Great Recession. But financial aid still hasn't been able to match costs.
Published tuitions and fees for four-year colleges and universities this fall will average at about $9,970 for in-state students. But the average local full-time student would only be able to cover 58 percent of that cost with grant aid and federal tax benefits, according to a report by the Washington Post.
When room and board are included, the price rises to $14,940, making things even tougher for prospective students.
These increases raise questions about where the money is going and how families are going to be able to pay for these increased costs. Unfortunately, there aren't many answers for the struggling families and students trying to keep up with payments. Considering young Americans are currently saddled with a record $1.3 trillion in total student loan debt, the problem has long-lasting consequences.
Funny enough many of these universities claim to teach progressive values, such as "free everything" and a deep-seated hatred for "privilege," while engaging in corporatist practices themselves. According to Glassdoor, the average college professor in the U.S. makes about $115,000 a year, all on the backs of students looking to get an education.
Unfortunately, some of the loudest voices for leftist causes are often the beneficiaries of just the opposite.
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(Cover photo: TaxCredits.net)