In the United States today only 4.3% of the population attended a four year higher education institution in fall 2014. This elite group had access to cutting edge technology, classes, and research opportunities.
The average cost of education including tuition, fees, room, and board at public institutions as about $15,022 per year and at private non profit institutions about $39,173 per year.
69% of college seniors in the class of 2013 who graduated from private non profit institutions had student loan debt, and the average student loan debt is $28,400.
College graduates between the ages of 21-24 with no advance degree and were not enrolled in graduate education had an unemployment rate of 8.5%
Non-tenure-track faculty account for half of all faculty appointments in higher education institutions in the United States.