According to the College Board, the cost of tuition, fees, room and board at an average public 4 year college is $21,950 for the 2019 – 2020 school year. The same expenses at an average private 4 year college in 1999 – 2000, 20 years ago, were $21,475.
Outstanding student loan debt in the US was $1.51 trillion as of 12/31/19 up 110% from 12/31/09 according to Federal Reserve Bank of New York.
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