This represents more than a five-fold increase.
The overall increase reflects a sharp rise in both the number of families borrowing and the amounts they borrow.
Over the past three decades, the cost of attending college has increased dramatically.
Meanwhile, nationally, state and local funding per student for higher education decreased.
The increased debt burden reaches beyond the young adult who takes out a student loan.
This includes taking out loans directly or cosigning loans for students who cannot qualify on their own.
A Look at College Costs across Generations
This report compares college costs from 1964-1965 up through the present day.
