15 Jul Inflation is making college even more expensive
Beyond highlighting the overwhelming burden of student loan debt, the last few years of economic turmoil have also shed light on the sky-high cost of college.
“Sometimes students feel the sense of ‘My parents are going to make it work,’” said Jennifer Finetti, director of student advocacy at ScholarshipOwl. “I think a lot of students don’t realize the financial reality: A lot of them can’t.”
In fact, college has never been more costly than it is today. That’s largely due to a convergence of factors including inflation’s sudden impact on the tuition tab, rising interest rates on student loans and the market decline’s effect on investments families were relying on to cover college bills.
Published by Jessica Dickler in CNBC.