The growth of student debt
STUDENT DEBT CRISIS: 3,000 Americans are defaulting on student loans every single day. That's one every 28 seconds. https://abcn.ws/2s6atif
Post-secondary education has become an assumed path for most people. Universities and colleges understand that a significant portion of jobs require a degree just to apply, and that it’s become easier for young people to take out massive quantities of loans. As demand goes up and banks make it simpler to put yourself into immense debt, we shouldn’t be surprised when we see a growth in tuition rates.