Students interested in New Jersey’s higher education system should be wary: as state government continues to slash school funding, tuition and student debt continues to go up.
The state’s higher education funding has dropped by more 22 percent since 2008 when adjusted for inflation, a decrease of more than $2,150 per student, according to an analysis by New Jersey Policy Perspective, a Trenton-based public policy research group.
Meanwhile, average four-year tuition costs in New Jersey grew by 23.7 percent between 2004 and 2013 while the average family income fell by 7.3 percent with inflation factored into both calculations.
As a result, average student debt for New Jersey students rose by 40.5 percent when adjusted for inflation, the report said.
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