The cost of higher education is spiraling, far outpacing wage growth, leaving students with impossible choices. Sticker price shouldn't dictate opportunity, yet for many, it does. At Clasp, we’re committed to making education financially sustainable, so students can focus on their future, not just their debt.
Okay real talk – it's almost mindnumbing to hear tuition's grown 6x faster than wages. So I looked at my personal numbers... When I was at the University of Pennsylvania nearly 15 years ago, it was $37k / year for just tuition (not including books, housing, food!). Which felt like A LOT. I just checked the numbers... it's now up to >$63k PER YEAR. That's a 70% increase and a $252k sticker price to get through a Bachelor's degree (not going to talk about what the MBA on top of that costs!!) Makes ya wonder what this means for the class of 2040... >$110k/year?! This is why grants / scholarships / *flexible* options (like Clasp's income-based plans) matter so much, so we can bring the NET tuition as low as possible especially for those that don't come from privilege where the sticker shock alone impact where they go and what they pursue...