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tuition hikes

The controversy stems from the Quebec government’s decision to raise university tuition for out-of-province students.

Millions of recent graduates, primarily from Gen Z, will commence student loan repayments this fall for the first time, following a three-year forbearance period due to the pandemic. As they begin to establish themselves in the job market, they face potential financial hardships, especially with the U.S. Supreme Court’s rejection of President Biden’s one-off forgiveness plan.

The CNN report exposes the escalating cost of college education, especially at top US universities, is outpacing average American savings and earnings. This disparity, along with the increasing dependence on student loans and decreasing state funding for education, has led to a significant drop in Americans’ confidence in higher education. Despite the decreasing net cost of college, concerns persist over the long-term impact of soaring education expenses.

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