Last night, I sat and read a bit over college tuition in America.
In general....the rate of yearly tuition....rises about 8-percent a year (twice inflation is the common wording used).
If you paid $17,000 a year for 2020....you'd be paying this year (2 years later) around $19,800.
This leads me to the odd mathematical situation.....that 17,000 cost related to 2030 being $36,701 (for one single year of tuition).
The question is....can most all college graduates attain a modest salary at the end of four years in 2030, for a decent salary of $70k-plus? I'm not really buying into that.
You'd also be saying for a four-year period.....to meet the cost factor, you'd need to borrow $146,000.
If you start laying these factors out on the table....a whole bunch of kids (now around 10 to 12 years old) are destined to be in a massive amount of woes in 2030 to 2035.
Biden thinking he can save this crew today? Some President will be sitting there between 2030 and 2040.....with people owing $100,000 minimum and some getting up into the $200,000 range.
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