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College Tuition Costs have more than Tripled after Adjusting for Inflation Since 1980

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the staff of the Ridgewood blog

Ridgewood NJ, the US Supreme Court struck down President Biden’s student debt forgiveness plan, with the court’s six conservatives ruling the administration did not have the power to forgive loans.

Continue reading College Tuition Costs have more than Tripled after Adjusting for Inflation Since 1980

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50 Top Ranked Colleges That Pay Off the Least

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For a special few Americans, such as Bill Gates, Steve Jobs, and Mark Zuckerberg, completing college was unnecessary — perhaps even a hindrance — to their vision and success. Most people, however, consider college to be fundamental to achieving their goals and doing well in life

In fact, the number of people attending degree-granting postsecondary institutions has grown to 17 million – a 30% increase since 2000, according to the National Center for Education Statistics.

Not all college degrees translate to financial success, however. In addition to nearly 70% of students graduating with debt in recent years, many graduates of even the country’s top-ranked schools are earning comparatively low salaries in the working world.

The average median salary for graduates who completed a four-year degree at one of the 206 schools the U.S. News & World Report considers to be the best national universities and national liberal arts colleges is nearly $54,000 a decade after graduating. Graduates from the 50 schools that produce the highest earners bring in nearly $70,000 on average.

On the other end of the spectrum, graduates from 84 schools report a median annual earnings of less than $50,000 a decade after entering school. Graduates from 15 schools report median earnings of less than $40,000 a year, and graduates from three less than $30,000.

In addition to being unable to promise high wages for students later in life, many colleges frequently increase tuition. Barely two decades ago, average tuition for a four-year private college or university was less than $15,000. Today, nearly three-quarters of the top ranked schools charged over $40,000 in tuition and fees in the 2016-2017 school year. This includes 33 of the schools that produced the lowest-earning graduates.

Click here to see the top ranked colleges that pay off the least.
Click here to see our detailed findings and methodology.

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N.J. comptroller: William Paterson, 2 other colleges owe students explanation of mandatory fees

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New Jersey’s state colleges and universities have long saddled students with fees that have helped make the colleges among the costliest public schools in the country, and on Wednesday the state singled out three of them for not making it clear how the money was being spent. Patricia Alex, The Record Read more