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Author: admin | Category: Calculateur De Pret Auto | Date: 22.12.2015

When I was a senior in high school, I still remember my parents offering me a new luxury car instead of tuition assistance. The green line in the first chart tracks the average cost of a new vehicle as rising from ~$15,000 to ~$27,000, within the time period of 1990 to present. The second chart below tracks the average student debt upon graduation over basically the same timeframe, 1990 to present. It is hard to equate the two values because student debt is just the amount left over after the parent (usually) pays as much as they can while the student is in school.
Five years ago, only half of families reported using grants and scholarships to pay for college.
At the same time, other reports show that for parents with top 20% incomes, education spending has nearly doubled as a share of their total budget. Even after taking the tuition assistance from my parents, I still came out of college with roughly $30,000 in student debt myself, above-average at the time. Another factor that likely contributes to the march up of student debt in the middle of a recession is the lack of employment opportunities for young people.
Well, I went to an out-of-state public university and they knew I really wanted to go so maybe it wasn’t so risky.

Things like the GI Bill and ROTC scholarships are still very viable ways to pay for school.
Steve, I understand your PhD experience colors your outlook on higher-level degree cost, but I would frankly be shocked if ANY higher-level degree recipient can obtain one without any student loan debt AND $9,000 (which is presumably an inflation-adjusted ~$30k from when you were in school) in the bank. Also many doctorate programs in the humanities, depending on the university of course, include support of tuition and a stipend with admission. The MEDIAN student debt for graduates of my alma mater is $0 and its a large public university. I think its interesting how we as a nation seem to be panicking about student loans yet people buy new cars all the time and twice as many households carry car loans. Good comments; You have to be very careful with student loan statistics as to what you are referring to. Based on the wording of the WSJ article, the $33k number and chart above is the average for graduating (undergrad) student with some sort of outstanding loan. The editorial content on this site is not provided by the companies whose products are featured. This morning, we woke up to the news that Buffett is buying Van Tuyl Group, the nation’s largest privately held car dealership chain.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities. Use of this Web site constitutes acceptance of our Terms and Conditions of Use and Privacy Policy. Without good job prospects, students who might be lured into the workforce tend to stay in school and rack up more tuition, fees, etc. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. It is essentially a demand spike leading to higher costs for college education, particularly at competitive colleges that will not expand their enrollment supply.

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