Rising College Costs

The 1990s marked a pivotal shift in the college experience, with institutions enhancing amenities to attract students, leading to skyrocketing room and board costs. As the 21st century dawned, college affordability plummeted, exacerbated by stagnant wages and the fallout from the Great Recession. Borrowers faced a transformed lending landscape as government-backed programs collapsed, leaving many unaware of the long-term implications on their financial futures.