The Middle Class is Being Priced Out of Education. Now What?
It used to be that an education was anyone’s road to prosperity and opportunity. It’s not so anymore.
In the last 30 years, tuition has increased by more than 1200%, as compared to a 128% CPI. At the same time, middle-class wages have stagnated. Life is hard for the middle class, loosely defined as those making between about 60K-130K per year (based on some math extrapolation and stats). It’s even harder for middle class families with college aged students.
Many colleges provide need-blind admissions and many of the best schools that currently don’t have those resources are building a pathway towards them. When private schools alone can’t cover the cost, the federal and state government steps in to offer grants and low-interest loans. However, many middle class families, especially those living in metropolitan areas with higher than average costs of living, are not eligible for these...