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Other Reasons College Is So Expensive The very complicated question about why tuition has gotten so expensive boils down to the most basic economic principle: supply and demand.
The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.
Study comparing college revenue per student by tuition and state funding in 2008 dollars. [50] College costs are rising while state appropriations for aid are shrinking. [citation needed] This has led to debate over funding at both the state and local levels. From 2002 to 2004 alone, tuition rates at public schools increased by just over 14% ...
In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded.
Additionally, the cost of federal college loans will be more expensive for the 2022 to 2023 school year, as loan interest rates are increasing from 3.73% to 4.99%, and graduate loans from 5.28% to ...
College Degree Returns by Average 2011 Annual Out-of-Pocket Costs, from B. Caplan's The Case Against Education First-year U.S. college degree returns for select majors, by type of student Study comparing college revenue per student by tuition and state funding in 2008 dollars [121] The view that higher education is a bubble is debated.
With the average cost of an undergraduate degree ranging from $25,707 to over $218,000 depending on a student’s resident status and institution, it’s natural to wonder why college is so ...
Learn the education tax credits that could reduce your taxes.