In the 1940s only 25% of adults had college degrees. Today it has become all but essential to get a four year degree if you want a fair attempt and finding a good job, but not even a degree guarantees you a career. We’ve all heard that college graduates are entering a meager job market, but now they are also graduating with large amounts of student loan debt to pay for as well. Not only has the cost of tuition, books and the cost of living dramatically increased since the 1940s, it has dramatically increased in just the past couple decades.
According to the information collected and put into this illuminating graphic by Consolidated Credit, the general cost of college tuition alone has risen 500%. This inflation doesn’t seem to be stopping with the current generation of students either. Take a look at this helpful but shocking information to see the trajectory at which college prices are rising and what future generations might have to deal with when they graduate.