Once upon a time, Americans had access to affordable higher education and could pay for it by working while in college. This promoted social mobility. Over the last few decades, costs have risen dramatically causing current students to drown in student debt, alter life decisions, or forgo college altogether.
In this episode, we introduce the problem of the skyrocketing cost of attending college. We cover:
- How previous generations of Americans had access to an affordable college education which enabled social mobility.
- The economic and societal impact of the meteoric rise of college tuition which causes students and families to borrow more, alter life decisions, or forgo college altogether.
- How the present debate centers on how to get more money to give to colleges without looking at how the money is spent.
Special thanks to Joyce Lieberman for technical advice.
Theme music credit: Sunshine by lemonstudiomusic via Pixabay.
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