So, who takes the cake in 2016? [Insert the proverbial, “the answer may surprise you!”]
BI writer, Lianna Brinded, reported on a study of top universities for the 2014-2015 academic year and the self-reported income data in 2013, “The list…shows that some parents are willing to spend over 90% of their income on a standard bachelor’s degree at public institutions for their kids.”
Essentially what this list comes down to is not necessarily “which country’s education costs more,” but rather, “which country’s education costs more in relation to income.”
Obviously, the US’s colleges cost more than the other countries’ listed, but because our EFC (estimated family contribution) is so high, our higher education does not, comparatively, burden us as much as it does for students living in Hungary, Romania, Estonia, Chile, and Malaysia.
The student debt average is nearing $30,000 dollars, but where did it all begin? Let’s take a walk through time to see just how we arrived where we are today. From the state of education back in the 40s, to the debt crisis of today, this timeline covers it all.
Did you know that, historically, republicans are continuously anti-education?
MarketWatch, a stock market tracker published by Dow Jones & Co., released a “ticker” that calculates the current total of student debt in America. The author of this calculator, Jillian Berman, said that the total student loan debt grows by an estimated $2,726.27 per second.
She compared the growth in student loan debt to a ticking time bomb ready to blow up the U.S. economy.
“Now you can watch it tick,” she said.
This survey is much more detailed than the poll that was posted earlier. A majority of the respondents are between the ages of 19 and 25 yet they have already accumulated over 20 thousand dollars in student loans!
Please respond to this no-sign-up-required survey so that we might have more accurate results: https://www.surveymonkey.com/r/S7VJMK9
Where in the great nation of the United States are all these expensive colleges coming from? Hopefully this map will help shed some light on the situation.
In all it’s glory, this mashup details the top 100 most expensive colleges in the US based on in-state tuition. All information was graciously compiled and provided by CollegeBoard.com.
Did your school make the list? I’m sure glad mine didn’t.
Jennifer is a thin, alternative beauty with crazy-colored hair and elaborate tattoos.
After a long talk about her experiences with anxiety and depression, I finally asked her, “Why do you think you do it?”
She responded almost excitedly, “I’m glad you asked because I’ve actually given this a lot of thought and I think I’ve figured it out.”
Her gaze turns down as she caresses her rippled wrist.
“When I’m feeling [depressed and anxious] the feeling is so intense, yet so confusing. Where is this coming from? When will it end? Stuff like that; but then I cut, and suddenly those same questions are answered. I know where the pain is coming from and I know that it’s going to end. I can even see the pain! You just don’t get those luxuries with anxiety.
I guess that’s why I cut.”
We were walking down a street in Oakland where plastic chairs and broken bottles pepper each side of the road. Every other building is abandoned; the streets seem to dissolve into the grass.
“We’re almost there,” Theresa said, detecting my uneasiness.
We stopped when we reached an overgrown field that inundates a massive abandoned church.
“This is where I slept,” she said.
“In there?” I ask, alarmed and pointing towards the church.
“No,” she laughs, “I parked here and slept in the car.”
“Theresa” has always worked hard. She’s a full-time student at the University of Pittsburgh, she works part-time at a retail store, and she holds a second job on the weekends. Surely, Theresa is a model citizen and student, but she claims to have one fault: “I don’t like to ask for anything,” she says this as we’re sitting in her third-floor apartment just outside of town.
“I’d like to live closer to school, but the cost is just too much,” she says.
Theresa had a rough time her first few years of college. Although Pitt is a public university, the costs were still overwhelming. As a non-traditional student, Theresa had little-to-no parental support and little hope of finding scholarships that would fit her situation.
“Oh, it was awful,” she says remembering the adjustment to a four-year university, “I clearly had no idea what I was getting myself into.”
The “what” in this situation is the cost of attendance. Collegedata.com states that the average monetary sum of a year at Pitt is upwards of $33 grand; that includes tuition and fees, books and supplies, room and board, and a category simply marked, “other expenses” (which totals $3,222).
“I was scared shit-less when I first got to school,” Theresa says cynically, “I refused to buy anything out of fear that I would need it to buy a book or a fucking pencil for Christ’s sake.”
She stops suddenly and looks up to the ceiling, imitating herself, “I remember laying in bed repeating the words, ‘I’m not hungry, I’m not hungry, I’m not hungry’ just to convince myself that I wasn’t [hungry].”
[End Part 1]