“It’s potentially a really far-reaching, dramatic reshuffling of higher education,” said Terry Hartle, senior vice president for government relations and public affairs at the American Council on Education.
With college debt at an all-time high and twenty-something employment at an all-time low, only 47% of Millennial graduates believe attending college was ‘worth it.’
At an annual growth rate of 7.45 percent, tuition has vastly outstripped both the consumer price index and health care inflation (see chart). The growth in home prices during the housing bubble looks like a mere bump in the road by comparison.