College Costs Rise Twice As Quickly As Inflation Rate

New York Times:

Tuition and fees at public and private colleges and universities rose at more than double the rate of inflation, the College Board said in reports released this morning.

One report found that while the pace of increase has held steady at four-year private institutions, it has picked up at public ones.

The increases in the cost of higher education continue to drive up the amount that students and families borrow, with the fastest growth coming in private loans, according to a separate College Board report also released this morning.

Read the whole story: New York Times

Comments

[RealSoft]

Education is getting kind of overhyped.

You pay so much for it in this country.

Once through the system one gets a job that over a lifetime will just offset the cost of his/her and their kids education.

Zero sum game.

Maybe we need math lessons.

[wm1066]

I think its the BushRich trying to stop the middle class from getting an education.
It's all about control!

[JeffDeVore]

One of the biggest costs in college, and in education in general, is the ploy of publishers to 'upgarde' text books with new additions so that they have to be replaced before their shelf-life has expired. It's a god damn racket to keep people from buying used books.
How much has Algebra, Shakespeare and Spanish changed?
When I went back to college to get my Master's I used an old Economics book TWENTY editions past the designated text. I got the highest grade in the class.
Now don't let me go off on the dorms and food programs. It costs as much for my daughter to share a dormroom as our whole family pays in a mortgage.
It ain't tuition that killing us, it's all the unlisted "extras".

[mrcontinental]

Agreed. Soon all education will have to be online at this rate.

[1will]

Don't forget about the professors that make students buy textbooks that they have written.

[getoffmedz]

In America, educated people are not needed.

What is needed is soldiers and fools!

Obviously.

[thegreatgiginthesky]

This needs to happen. The draft will be instituted when we start our fight with Iran. They need to make sure that all the poor kids and middle class kids get sent to the front lines to serve as cannon fodder.

[MilwaukeeDan]

medz,gig, you are both correct. I have been asking for years, in perpetual war, where are all these troops going to come from? Albania? Corporations will import cheap labor and you, as poor citizens will have the privileage to die for your country and the rich. Why even bother with schools, FOX can start an education channel.

[sheraz]

I don't quite understand why the cost of education is so high in the first place. I mean, what's the main reason that costs soar so fast and furious?

[thegreatgiginthesky]

Take a look at the amount of money the big schools spend on their athletic programs.

[WhiteSoxNation]

What do they expect with the massive government subsidies coming in? This is simply a shift of federal money to the state level, with the students leveraging their future and paying all of the interest on the shift.

Simple supply and demand. The money supply is kept way too high with these loans. The poor are sucked in with interest payment deferrals, which greatly increase their debt when they graduate. Personal debt (which is mostly student loans) after college is at an all time high.