There can be no doubt that the cost of college is excessive, burdensome, and downright inhibiting for students looking to get a degree. In the last decade alone, the cost of college has skyrocketed 170%, the average new graduate is $37,000 in debt, and student loan debt now stands at $1.4 trillion total. The trajectory we are on is both unsustainable and destructive, and real reforms are needed.
Writing in the Millennial Policy Center’s next major policy paper focused on higher education reform, scholar and President Jimmy Sengenberger presents the case that the cost of higher education has risen more than 500% since 1985 because of too much federal involvement in higher ed funding, not too little. Sengenberger offers several proposals for market-based reforms that will stunt, and ultimately reverse, the debilitating growth in the cost of higher education.
It’s time to restore higher education in America - and the Millennial Policy Center is proud to release our policy paper covering this crucial topic! We call it Restoring Higher Education in America. Take a read or download.