Why you should care
Over the past 30 years, the cost of college has grown a whopping 400 percent!
Senior spring in the United States means that gazillions of 17- and 18-year-olds are RSVPing to the colleges they’ll attend in the fall — and in some cases, sending along hefty tuition deposits, too.
These days, it’s almost four times more expensive to get a college education than it was 30 years ago. At the same time, a college education has become more of a “must-have” than a “nice-to-have.” Some experts suggest that by 2020, two-thirds of jobs will require a college education.
The result of these trends: a whopping $1.2 trillion in student-loan debt. For millennials and Gen Xers, that equals one heck of a hangover — and its effects have reverberated throughout the economy. Debt-ridden 20-somethings are less likely to own homes and set up their own households.
Which leads us to the topic of Tuesday’s Point Taken debate, hosted by our own Carlos Watson and originally aired on PBS: Is college worth the price tag? Check out the episode, above, and learn more about the debate here.