Growing Education Costs

The cost of books and school materials has escalated to a level surpassing the tuition fees paid by students throughout the 1960s and 1970s. For instance, college education costs have been rising faster than most people would consider fair (Castro, 2019). As a result of the current situation in the United States, a major problem has emerged: the "Student Loan Crisis," marked by a staggering increase in student loan debt. The excessive costs are blamed on the avarice of universities and banks by many observers (Goldrick-Rab et al., 2016). However, the factors that significantly influence the dynamics of college degrees include the interplay between supply and demand, the accessibility of financial help, and the impact of technological improvements.