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The Real Cost Of College? It’s Probably Even Higher Than You Think

When Alex Nichols started as a freshman at the University of Mississippi, he felt sure he’d earn his bachelor’s degree in four years. Nichols is about to return to the campus for his fifth successive fall.

“There are a lot more students staying another semester or another year than I thought there would be when I got here,” he said. “I meet people once a week who say, ‘Yes, I’m a second-year senior,’ or, ‘I’ve been here for five years.’”

They’re likely as surprised as Nichols still to be toiling away in school.