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December 24, 2020 8:30 AM Sean Pyles, NerdWallet
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Thirty years ago, a high school graduate who wanted to attend college or university was looking at an average tuition of $15,160 for a private, nonprofit school and only $3,190 for public universities. As of 2020, that number is closer to $35,087 for private colleges and $9,687 for public schools. Once the cost of books, room and board, and other fees are added in, paying for college with a part-time or summer job is increasingly becoming a thing of the past.
Today’s students are instead turning to loans, leading to a widespread debt crisis. Americans currently owe a collective $1.56 trillion in student loans, changing the shape and trajectory of the U.S. economy. Instead of buying a car or a house, millenials are focused on finding a job that will allow them to make loan payments without defaulting.
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Sean Pyles Of Nerdwallet December 15, 2020 - 4:00 AM
In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you canât travel to see family, at least you can see them unwrap gifts over a video call, right?
And just as many families will use a video service for holiday celebrations this year, many will also turn to credit cards to cover their expressions of love. Three-quarters of holiday shoppers are planning to use credit cards to purchase gifts this year, according to a NerdWallet survey of 2,049 U.S. adults conducted online by The Harris Poll.
2020/12/15 20:00 In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you can’t travel to see family, at least you can see them unwrap gifts over a video call, right? And just as many families will use a video service for holiday celebrations this year, many will also turn to credit cards to cover their expressions of love. Three-quarters of holiday shoppers are planning to use credit cards to purchase gifts this year, according to a NerdWallet survey of 2,049 U.S. adults conducted online by The Harris Poll.