College costs have been on the rise for the past several decades. And it’s only getting worse. In recent years, college costs have outpaced income gains. The Center on Budget and Policy Priorities noted that between 1973 and 2015, average inflation-adjusted public college tuition had risen by 281 percent, while median household income had grown by only 13 percent. To make matters worse, the costs of education-related expenses such as housing, textbooks, child care, food, and transportation have also skyrocketed over the past decade.
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