An 81% increase in college tuition rates between 2003 and 2009 means that students in areas with high college graduation rates will most likely move in with their parents instead of living with friends, according to a study by the Federal Reserve Bank of New York. College costs and student debt are contributing to a decline in the number of younger people buying their own homes, researchers found.
Sign up for HERC Higher Ed Careers SmartBrief
News in higher-education employment
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.