The answer is absolutely not. The reason for this is because higher education costs today are higher then they ever have been. Tuition rates tend to increase at about twice the rate of inflation. The average increase is around 8% per year. This means the cost of college is doubling about every nine years. A more expensive college education for each generation that outpaces inflation at about twice the rate has resulted in more student loan debt for each generation. Thus, this is why the student loan debt in America is now around $1.6 trillion.
College students today should look for every way they can to minimize student loan debt.
This podcast episode talks about the student loan debt issues in America and why the goal of today's college students should not be an education at all costs.
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