> The prices in USA look exorbitant. If a worker works full year for minimum wage, they earn $7.25 * 8 * 253 = $14674. Such worker will have to work for 6 years and 9 months to pay tuition costs for 1 year,
Someone earning minimum wage does not pay the full cost of tuition. In fact, few people ever pay full tuition due to scholarships, grants, aid, and various discounts. Only very affluent families pay the full tuition costs.
Families with low incomes pay well under $10K per year, all included, for even the top colleges.
Of course, it's all still more expensive than it should be. I don't pretend this system is good, but it's absolutely not true that minimum wage earners are paying $60K+ per year to get college degrees in the USA.
Someone earning minimum wage does not pay the full cost of tuition. In fact, few people ever pay full tuition due to scholarships, grants, aid, and various discounts. Only very affluent families pay the full tuition costs.
Families with low incomes pay well under $10K per year, all included, for even the top colleges.
Reference: https://www.nytimes.com/interactive/2018/06/05/opinion/colum...
Of course, it's all still more expensive than it should be. I don't pretend this system is good, but it's absolutely not true that minimum wage earners are paying $60K+ per year to get college degrees in the USA.