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Chris Farrell

When stagnant wages, rising college tuition collide

Job fair
Cheryl Browning, right, with the FDIC, talks with University of Wisconsin-River Falls students, including, from left, Kao Vang and Mao Khang, during the Minnesota State University Job and Internship Fair in Brooklyn Center, Minn. Friday, Feb. 6, 2015.
Jeffrey Thompson / MPR News

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Since 1983, median family income is up 15 percent. But the cost of private colleges is up 126 percent and public school tuition is up 129 percent, said Chris Farrell of Marketplace.

Farrell thinks something has to give. He joined MPR News' Kerri Miller to talk about how to make college more financially accessible for low and middle income families.

If you make a household income between $25,000 and $75,000 a year, how are you planning to afford college for your children? Do many colleges feel out of reach?