College students paying more, earning less over their lifetimes

Oct 9, 2012, 11:31 AM | Updated: 12:40 pm
While the state used to pay for about 2/3 of college costs and students were responsible for about ...
While the state used to pay for about 2/3 of college costs and students were responsible for about 1/3, those roles have now reversed. (Graph: Washington State Budget and Policy Center)
(Graph: Washington State Budget and Policy Center)

The cost of a four year degree at the University of Washington has more than tripled in the last decade, as the state continues to cut the budget for higher education.

A report from the Washington State Budget and Policy Center shows that in 2000, the state paid for about 72 percent of the cost of a higher education at public colleges and universities. That number has dropped to just 35 percent this year.

“That has had a huge impact on middle class families here in Washington State,” says the center’s Mike Mitchell.

Students who had been paying about 28 percent of the cost of tuition and fees in 2000, would now be responsible for 65 percent of the expense. A University of Washington bachelor’s degree that had cost about $16,000 would now be about $50,000. That figure does not include books or housing.

College graduates will have a harder time paying off their student loan bills, as well. Mitchell says not only is it tough to find a full time job in this recession, but the jobs that do exist pay less than they did a few years ago. In addition, young adults who enter the job market in a down economy will earn less over their lifetimes.

“As they move on through their careers the opportunities that they have just aren’t comparable to what may have been available in a stronger economy.”

The Budget and Policy Center is recommending an increased investment in higher education and programs that support young adults.

Local News

crime blotter...
Darren Dedo

The Crime Blotter: Two people arrested for statewide dealership car thefts

Detectives recovered a stolen BMW, a stolen gun, various key fobs, and suspected stolen credit cards and IDs.
17 hours ago
leaf...
MyNorthwest Staff

Seattle just got one step closer to banning gas-powered leaf blowers

The Seattle City Council voted out of committee Friday a resolution that sunsets City and privately owned gas-powered leaf blowers within city limits.
17 hours ago
(Department of Corrections)...
Associated Press

Snohomish County prison worker charged with unsafe gun storage after suicide

Prosecutors said a state prisons employee didn’t properly secure the gun her 12-year-old son used to die by suicide, leading to a first-of-its-kind criminal charge in Snohomish County.
17 hours ago
texts...
Hanna Scott

King County prosecutor requests criminal probe of missing texts of former mayor, police chief

Texts of public officials are public records and must be retained for at least two years. Knowingly destroying them before then is a felony under state law.
17 hours ago
kitsap...
MyNorthwest Staff

Daughter discovers parents violently murdered in Kitsap County

Kitsap County deputies are investigating what they say is a double homicide in Olalla.
17 hours ago
(Getty Images)...
KIRO Newsradio Newsdesk

KIRO Newsradio Headlines:

The KIRO Newsradio Newsdesk gives you the news you may have missed on the morning of Friday, August 19.
17 hours ago

Sponsored Articles

Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.
...

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!
...

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
...

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]
...

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
College students paying more, earning less over their lifetimes