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Inflation occurs when the cost of everything we consume rises, making
the purchasing power of our money fall. In recent years, college tuition
has been outpacing the rate of inflation.
Because of this, and due
to the fact that college students are graduating with an average of
$26,600 in debt, prospective students are rethinking the traditional
model of going to college before entering the workforce.
(Source: Investopedia; Images: ThinkStock)
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