Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The Class of 2019 has a lot to be proud of, and a hefty bill to show for it.
For newly minted graduates, their college education is the second-largest expense they'll likely have in their lifetimes — right after purchasing a home.
Tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year in-state public colleges, it was $10,230, according to the College Board. And that doesn't count room and board or other expenses.
Tuition has historically risen about 3% to 5% a year, according to the College Board. However, during the recession, declining public funds caused tuition to skyrocket.
Over the last decade, tuition and fees rose 44% at four-year, private colleges and by 55% at public four-year schools, where students were harder hit, according to a report by GoBankingRates.
In the worst year during this period, for example, the average cost of private four-year schools rose 4.1% in 2011-12 to $27,880, from $26,770 the prior year, and the cost of four-year public schools reached $8,280, up 8.5% from $7,630 the year before, GoBankingRates found. (Check the cost of college the year you graduated.)
To see just how much the price of a postsecondary education has increased, the personal finance website analyzed data from the National Center for Education Statistics and the College Board going back to 1964.
In 1964-1965, the cost of a four-year private school was $1,160 per year, on average. From 1964 to 2019, the cost of tuition jumped just under 3,000%. Meanwhile, the cost of a four-year public school soared to just over 3,800%, from a mere $261 annually, GoBankingRates said. (Costs are in current dollars.)
The significant increase in college costs has outpaced inflation and far outpaced family income over decades (see the chart below).