The average cost of a 4-year study at an American college in 2020 was $104,480, that is, twice as much as, for example, in 1989 ($52,892). Each year, the cost of education increased by 2.6%, while salaries grew by only 0.3%. However, 6 out of 10 Americans believe that such a high cost is justified: in the United States, higher education earns on average 75% more money in a lifetime than just a high school diploma. The quality of American higher education is recognized all over the world: in the top ten of almost any world university ranking, American universities occupy half of the places. It is not surprising that in 2020 7 out of 10 students studied with borrowed money.