The Rising Costs of a College Diploma

Despite increasing affordability challenges, a college degree still conveys undeniable power and value.

On average, young people who graduate from college earn 80% more than those with a high school education and are more likely to be employed. Education also helps democracy and the economy thrive. College graduates are more likely to vote and be civically engaged. And, an educated workforce means higher tax revenues, greater economic growth, more innovation, and lower unemployment.

California has historically led the nation with a public system of higher education renowned for its commitment to excellence, affordability, and accessibility.

The rising costs of attending college are threatening that legacy. In a state where the cost of living for college students has increased by over 80% in the past 40 years, students are choosing between eating and staying in school. Across California, African American and Latino students are more likely than their white peers to have to borrow to pay for their college education and in larger amounts. It’s time to restore the promise and the possibility of higher education as an important equalizer and the engine of a thriving democracy.