Smart parents know that the more they can do to ensure their children’s success when navigating the college and career planning process, the better off everyone will be. This includes understanding the student loan landscape and how it has changed over time.
Did you know that in 1976, the average cost of a year of college tuition and room and board was just $2,275?¹
College was so inexpensive then that most students put themselves through school, and parents and other family members were much less involved.
There were also many fewer students attending college… and because there was so much less competition, jobs for college graduates were easier to come by.²