The survey found that they spend an average of 4.2 hours per day working paid jobs: 2 hours more than they spend in class per day, 1.4 hours more than they spend studying at home, and more than double the amount of time they spend in the library.

The cost per college student in the United States, according to a September report from the Organization for Economic Cooperation and Development, is more than just about every other country in the world.

Parents in America spend an average of $17,314 on tuition fees and other bills, but this doesn't come close to $100,000 that students wind up spending over the course of a earning college degree.

Hupalo stated, “The fundamental issue is that families and students don't have a realistic knowledge of the actual cost of an education in advance.” To make matters worse, the study also showed that only a quarter of parents in the United States have specific education savings or investment accounts that they use to fund their children's education.

That data was according to a report by the Urban Institute, a nonprofit research organization dedicated to developing evidence-based insights on critical socioeconomic issues.

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