The US College Tuition Business

By Bogdan Obretin | Small Business

The United States definitely has one of the most expensive education systes out of all first world countries. As opposed to France or the UK, for example, the US does not directly support higher education making potential students and their families ask for financing fro banks. Some private schools will even charge you more than $60,000 a year. Therefore, student debt almost tripled between 2004 and 2012, it now stands at over $1.1 trillion, making student loan debt the largest form of consumer debt outside of mortgages. There are 38.8 million student loan borrowers with outstanding debt and, without any signs of putting a stop on increasing education costs, the numbers are only expected to grow. How did tuition for US colleges and universities get so high and how does the US stand compared to other developped countries? See it in this infographic:

The US College Tuition Business image trouble4The US College Tuition Business

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