College tuition fees in the US are rising rapidly, potentially reaching $100,000 by 2026.
College tuition fees in the US are rising rapidly, with some institutions charging over $90,000 annually and potentially reaching $100,000 by 2026, according to Bryan Alexander of Georgetown University. The actual amount families spend on education costs averages $28,409, with financial aid like scholarships, grants, and loans bridging the affordability gap for many students. The U.S. Department of Education provides approximately $120 billion in financial aid annually, with states, colleges, and private scholarships offering additional assistance. However, issues with the new FAFSA have led to a decline in submissions, potentially affecting college attendance.
August 22, 2024
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