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After the Great Recession, states faced an economic crisis and started investing less in universities and colleges.
They cut the tuition credits or financial aid they provided to students. The schools were required to make up the loss of money. That is the reason for the drastic rise in tuition after 2010.
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Student loans allow families and students not to worry because they can just borrow to pay for it without deeply questioning what they're really paying for.
From 2008 to 2018, 41 states spent less per student after adjusting for inflation.
Many entry-level jobs now require undergraduate degrees. In turn, colleges are making changes to increase the value of the student experience.
The most expensive university in the US is Columbia University in New York City. It costs $86,257 a year. Northwestern University is at $78,654, and Barnard College costs $78,044.
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I recently started traveling and found out it's an experience I've been lacking in my life. And not just traveling for the sake of it, but getting myself immersed within the locals, their habits and exploring their culture. It's something that I definitely recommend anyone should do!
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