It's getting darn expensive to get an education

Here's some statistics (link):

  • The average cost of college in the United States is $35,331 per student per year, including books, supplies, and daily living expenses.

  • The average cost of college has more-than doubled in the 21st century, with an annual growth rate of 6.8%.

  • The average in-state student attending a public 4-year institution spends $25,487 for one academic year.

  • The average cost of in-state tuition alone is $9,349; out-of-state tuition averages $27,023.

  • The average traditional private university student spends a total of $53,217 per academic year, $35,807 of it on tuition and fees.

  • The average student debt in the United States is $32,731, while the median student loan debt amount is $17,000 (link)