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Higher education: where do we stand?
In this Digest issue, SSTI continues its examination on the state of higher education. Today, we start with rising student loan debt, which research shows has dire consequences on borrowers, including delayed home ownership, hindered retirement savings, and financial stress.
Then, we examine college costs and consider why they are rising so fast. We delve into the effects of tuition and fees outstripping household income. Also, our research details the many contributing factors passed on to students, including expanded administrative staffing, inflation, and facilities improvements.
This article was prepared by SSTI using Federal funds under award ED22HDQ3070129 from the Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce.