Over the last four decades, the cost of college has increased nearly three-fold.

Real Clear Politics reports.

Families Struggle to Afford College

Michelle Henderson carries $130,000 in student debt, even though she’s never attended a single college class. The 49-year-old Illinois mother and design showroom manager footed the bulk of her daughter’s four years of college because “as a parent you want to make them happy — you want to support their wishes, hopes, dreams.”

But four years after graduating from the University of Iowa, Henderson’s 26-year-old daughter is unemployed and unable to help her mom make the $900 monthly student loan payments. Instead of planning for her retirement, Henderson worries about making ends meet.

Henderson’s story is not uncommon.


 
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