March 21, 2023 9:00 am | 2 minutes read
A new study finds that tuition and living expenses continue to rise, forcing many full-time students to work long hours for low wages
SEATTLE (PRWEB) March 21, 2023
Intelligent.com, a trusted source for online degree rankings and higher education planning, released a recent report analyzing projected price increases for tuition and room and board. The report also provides insight into the current job market and the relative importance of a college degree.
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According to the report, the average tuition and living costs for four-year public colleges could reach $31,000 per student per year by 2030. A 2021 study by Intelligent.com found that students in public universities today earn a state minimum wage of $7.25 an hour, meaning they have to work 28 hours each week to pay for a year of tuition. This does not include the costs for accommodation and meals. Assuming the state minimum wage is raised to $15 an hour, by 2030 students will need to work 40 hours a week to afford both tuition and room and board. However, if the minimum wage stays at $7.25, students may have to work over 60 hours a week.
According to a January 2023 Intelligent.com study, during the labor shortage, over 1 in 3 companies eliminated college degree requirements to attract more applicants. Additionally, in a March 2023 Intelligent.com study that surveyed 1,000 full-time workers without a college degree, 64 percent of respondents said they “tend to” or “strongly agree” that “the ongoing labor shortage has opened up better job opportunities.” for her.’
The survey referenced in this article was commissioned by Intelligent.com and conducted online on March 8, 2023 via the Pollfish survey platform. A total of 1,000 respondents across the United States were surveyed. All participants went through demographic filters to ensure they were at least 26 years old, employed for pay, and had no higher education than a technical college. For the full report, go to https://www.intelligent.com/in-2030-working-your-way-through-college-would-require-average-of-60-hours-week-at-current-minimum-wage/ .
ABOUT INTELLIGENT.COM
Intelligent.com provides unbiased research to help students make informed decisions about college programs. The site offers curated guides on the best courses to study, as well as information on student finance, internships, and even study strategies. With comprehensive, easy-to-use guides and hundreds of program rankings, Intelligent.com is a trusted resource for students and prospective students. To learn more, please visit https://www.intelligent.com/.
The original version can be found on PRWeb at: https://www.prweb.com/releases/intelligent_com_reveals_college_students_may_need_to_work_full_time_to_afford_college_tuition_and_expenses_in_2030/prweb19234741.htm
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