As the economy started to decline, two things were on the rise that continues to escalate today: the cost of going to college and the prevalence of student debt. The cost of tuition, residence, and books has been rising at a rate that has never been seen before. As the current generation’s debt piles up, it becomes even harder to send the next generation to get an education.
In order to figure out where we are headed, Consolidated Credit has looked at where we have been. They’ve created this informative infographic to show a generational look at college tuition and debt, from our grandparents in the 1940s to the future generation. Unfortunately, the numbers are very alarming, especially for current and recent college grads.
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