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Why Is College So Expensive in America? | Making Cents | NowThis
12019-11-10T23:16:01-08:00Klimisha Hughes-Gbarbea40265d808ee11872d1e0ab69dcf80ff64ecf0eb8350181Here's why the cost of college has shot up by 213% in the last 20 years. » Subscribe to NowThis: http://go.nowth.is/News_Subscribe Americans are more ...plain2019-11-10T23:16:01-08:00YouTube2018-05-07T17:00:05.000ZZ87xyYAshtANowThis NewsKlimisha Hughes-Gbarbea40265d808ee11872d1e0ab69dcf80ff64ecf0eb8
In 21st century America, college has become the second-largest expense that an individual is likely to make in a lifetime -- second only to purchasing a home. However, it has not always been this way. Over the last couple of decades, deep cuts in state funding for higher education has substantially contributed to the increase in college tuition. As a result, more of the costs of college have been passed onto the students.
Quick explanation of why college is so expensive
In this video Douglas Boneparth a certified financial planner who is best known as a personal finance expert in the servicing and media of high net worth millennials. Is interviewed by NowThis News and asked to explain why tuition costs have shot up so drastically. (Boneparth Bio)
Helpful Visual
It's hard for people to realize the gravity of an issue like this when the only thing they see is a statistic with large numbers and percentages. It makes it easier to desensitize yourself from the problem when you are not personally going through it. So, I thought it would be easier for people to understand the importance of this problem if they could see a physical representation of the debt that students in America are accumulated at an alarming rate.
Interesting approach that an organization has taken
Jeremy Rossmann is the Co-Founder of Make School, a computer science university located in San Francisco. Students do not pay tuition until and unless they have a job after graduation. (Jeremy Bio)
There is also a program that a number of states are implementing into the higher education system that could alleviate some of the financial pressure on students (link)
