The Existential Crisis for Colleges

$1.64 Trillion in Student Debt and a Pandemic.

from My Budget 360

The fall season for those with teenagers exploring college options can be one filled with anxiety and uncertainty in more stable times. This is anything but a stable time. We have college tuition spiraling out of control for well over two decades while a pandemic forced students to learn online away from carefully manicured campuses. How do you decide on which college to attend if you are unable to visit the campus, explore the classes, or experience what has been so painstakingly packaged to embody the college going years? That is the question millions of families are grappling with in the middle of all the other questions the novel coronavirus has tossed at us. Colleges are having to face an existential challenge in what they truly believe in – do they want to educate our future or serve only as a finishing school for the affluent in our society?

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