Techno-News Blog

July 3, 2019

America’s desire to reskill is making online education cheaper

Filed under: Uncategorized — admin @ 12:15 am

By Ramona Schindelheim, Working Nation

“[Higher] education costs are rising in the U.S., as is student debt,” says American venture capitalist Mary Meeker. The average annual cost of a private four-year college (tuition and on-campus housing) is more than $50,000 and a public college averages just over $24,000 a year, according to the National Center for Education Statistics. More than two-thirds of the class of 2018 borrowed money to go to college, according to Student Loan Hero. 2018 graduates owe an average of $29,800 and 14 percent of their parents owe an average of $35,600 in loans taken out through the federal government. Education costs chartBecause continuing your education after graduating from high school is getting more and more expensive, Meeker says “post-secondary education enrollment is slowing, and online education learning institutions are expanding their reach.” That reach is expanding as the skills needed to get a good, relevant job continues to change.

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