College: A Necessity Priced as a Luxury

A middle class job increasingly does not support a middle class life. One reason is that a key ingredient of a middle class life, a college education, is increasingly expensive—for all income groups. More Americans are taking on more debt to go to school. And the results don’t stack up: completion rates are low, and student loans are holding back home buying and wealth creation. Six trends, in particular, highlight the problems surrounding the cost of American college education.

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