Student-Loan Debt: Administrative Bloat Keep Tuition Costs High

According to U.S. News and World Report, the average tuition and fees at ranked colleges for the 2021–22 academic year were $10,338 for in-state public schools, $22,698 for out-of-state public schools, and $38,185 for private schools. With no-questions-asked access to educational loans, it’s no surprise that U.S. student-loan debt topped $1.75 trillion last month.

The social ramifications are very real. Families are struggling with student-loan debt, while many young professionals are delaying marriage or opting not to have families at all because they feel their repayment obligations are too great.

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Ellen Carmichael

Ellen Carmichael is the president of The Lafayette Company, a communications firm based in Washington, D.C.

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According to U.S. News and World Report, the average tuition and fees at ranked colleges for the 2021–22 academic year were $10,338 for in-state public schools, $22,698 for out-of-state public schools, and $38,185 for private schools. With no-questions-asked access to educational loans, it’s no surprise that U.S. student-loan debt topped $1.75 trillion last month.

The social ramifications are very real. Families are struggling with student-loan debt, while many young professionals are delaying marriage or opting not to have families at all because they feel their repayment obligations are too great.