The average increase in tuition sits at 2.9% annually (CollegeBoard). What does this mean? If inflation was at 2.9%, the Fed would be going crazy and the nation would be in ruins. This leads to the incredible hike in tuition costs, which does not correlate to income, contributing to higher economic strain on the average American family. While previous generations could fund their education working a few hours a week, or during their summer vacations, millennials simply do not have that luxury.
More than 13% of Americans have at least one outstanding student loan, and more than 15% default on these loans. Getting educated is no longer a guarantee for a higher salary and standard of living, but rather a gamble. Americans are often stuck between a loan and a hard place, leaving university with more debt than they can pay off. While this commonplace today, we can work together to change the corrupted business that education has become.
Membership is open to anyone, but we work mainly for the benefit of the college bound, college students and college graduates. Our picturesque member is 18-24, independently financing their way through university. They are overburdened and overworked, and continually under the pressure of their ever-present debt.