We all hear about the increase in College tuition and how it affects the middle class and how loans are rising but something that is not really addressed is how much the increase has negatively affected poor people. A lot of factors go into paying for college and most families start saving up from an early age as to have a foundation to go from when that age finally comes but middle class and low income families are finding it more and more difficult to have that cushion since college tuition is rising by the semester. Families are also having to borrow a lot more for college and it is having a negative affect on finances even after college since the interest rates on loans are incredibly high and a degree isn’t even a guaranteed return anymore in this economy and market.

Average Annual Increase in College Costs