College costs have risen dramatically over the past several decades across all types of institutions.
These costs, coupled with stagnant incomes, have increasingly put higher education out of reach.
As a result, students and families have increasingly turned to borrowing to pay for college.
Outstanding student loan debt grew from $455 billion in 2004 to $1.5 trillion in 2018.
Increased student debt levels may threaten retirement security for students and their parents alike.
