Middle-class families are increasingly challenged by the rising costs of college education, leading many to question the overall value compared to trades or online jobs. Student debt varies significantly by state, attributable to differences in state budget allocations for education and the availability of scholarships. States investing more heavily in public education tend to see lower debt levels. Additionally, private colleges often charge higher tuition than public counterparts. The article also includes tips for families to minimize college debt, urging them to be strategic in their college choices based on these factors.
Tuition, room and board, fees, and books have skyrocketed, leaving middle-class families questioning the value of college against better-paying alternatives.
States vary widely in average student borrower debt levels from $29,647-$43,692 due to differing investments in education and scholarship availability.
Colleges in states with more private institutions tend to have higher tuition costs, impacting student debt for graduates.
Understanding state funding disparities and institution types can illuminate why student debt levels are unequal across the country.
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