Paying For College Used To Be Like Buying A Car, But Now It’s Like Buying A House

My friend Robert Brokamp, one of the stalwarts at The Motley Fool, called my attention to an interesting Atlantic article published earlier this week: A Mystery Behind the Rise of Student Debt. The mystery is embedded in this set of observations:

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“…out-of-pocket spending started to slide during the ’90s. Adjusted for inflation, students contributed about $4,000 of their own money a year towards tuition at the start of that decade. By 2000, though, student contributions were down to about $3,000. They roughly stabilized until the recession, at which point they plunged once more. Today, students are paying just $2,125 out of pocket.”

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