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Breaking Point - The College Affordability Crisis and Our Next Financial Bubble (Hardcover)
Loot Price: R1,221
Discovery Miles 12 210
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Breaking Point - The College Affordability Crisis and Our Next Financial Bubble (Hardcover)
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In recent decades, the crisis of college affordability has emerged
as one of the defining challenges of our era. Since 1978, college
tuition and fees have soared by 1,120 percent, growing at three
times the rate of housing prices and four times the rate of the
increase in the hourly wage. The inevitable consequence has
resulted in a national student debt that surpassed $1.3 trillion in
2015, crushing the average household under $35,000 in student debt.
Breaking Point explains flaws in the structure of higher education
that have caused college prices to soar over our lifetime,
including "prestige maximization," a perpetual "amenities war," and
a predatory lending industry that has not only fostered but
encouraged the explosion of college costs. To counter this trend,
Kevin Connell proposes several bold solutions that are intended to
induce colleges and lenders alike to redefine the structure, price,
and ultimate purpose of higher education in America.
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