At this time of year many rising high school seniors are visiting college campuses, trying to determine which schools interest them. Their parents are busy figuring out what they will have to pay.
Here are three salient facts about tuition and fees. Over the last 30 years, the average sticker price at public and private American universities has accelerated upward. Since 1981 the list price level of tuition and fees has risen sixfold while the consumer price index has only increased two-and-a-half times. This fact is well-known, and it fuels much of the talk about a crisis in higher education.