CHART: College Tuition And Fees Have Nearly Sextupled Since 1985

A report released yesterday by the Federal Reserve Bank of New York shows that the total balance of student loans in the U.S. is $870 billion, and 27 percent of student loan borrowers are at least 30 days behind on their payments. Average student debt now surpasses $25,000, and as Catherine Rampell noted in the New York Times with the following chart, “College tuition and fees today are 559 percent of their cost in 1985.” “In other words, they have nearly sextupled (while consumer prices have roughly doubled),” Rampell wrote: