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Were you having a good day? Well quit it, because life sucks and then you die. Mother Jones put together a few different stats together to give us an idea of how truly fucked our higher education system is. Firstly, the price itself has far surpassed normal inflation, and while tuition has increased by “more than 1,122 percent since 1978, the cost of medical care rose less than 600 percent, and the cost of housing and food went up less than 300.”
It’s even more heinous and infuriating in graph form. Tuition was on a relatively steady upward decline already throughout the ‘90s, and then boom. New millennium hits, and costs start going through the roof.
It’s especially worrisome, given how much we hear how medical costs are out of control in this country, and tuition is making them look like bargain basement deals.
As if that wasn’t enough, check out the even more worrisome graph of student loan debt compared to other debt. You can see the rise and drop-off of housing loans after the 2008 crisis.
If that’s the template for economic instability, I’m not optimistic on what that massive upward red line will mean for us.
[via Mother Jones]
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The things I could do with an extra $1k each month…. 🙁
You could put that $1k into a money market mutual fund, then reinvest the earnings in foreign currency accounts with compounding interest aaaaaand it’s gone. It’s all gone.
Dirty, nasty, deplorable things. Like interview with Comcast, which I may or may not be in the process of doing.
Don’t worry, maybe once the rising costs of food and other necessities gets too unbearable for our generation, we’ll start a revolution and then probably get fed for free once we get rounded up into FEMA camps and then we probably won’t have to pay our loans! Yay optimism!
Thanks Dad for no loans.