A typical student graduating from high school in 2025 could take on an estimated $40,000 in student loan debt before they finish their college education, and interest rates on undergraduate federal student loans are the highest they’ve been in more than 10 years, Nerdwallet reported.
The price tag that comes with a college degree has ballooned steadily over the past several decades — with a staggering rise in the past 15 years.
Between 2000 and 2022, average tuition and fees increased by 60%, from $9,204 to $14,688 per year, and those costs spiked 13% in just 12 years between 2010 and 2022 alone, according to BestColleges.
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