The cost of a college degree has increased by 1,125% since 1978 - four times the rate of inflation. Total student debt is $1.3 trillion. Many private universities charge tuitions ranging from $60-70,000 per year. Nearly 2/3 of all college students must borrow to study, and the average student graduates with more than $30,000 in debt. 53% of college graduates under 25 years old are unemployed or underemployed (working part-time or in low-paying jobs that do not require college degrees). Professors - remember them? - rarely teach undergraduates at many major universities. 76% of all university classes are taught by part-time, untenured faculty...Read More.
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