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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 ...
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.
The Atlantic dug up a New York Times editorial from 1875 where the author griped that the cost of a single year of college could have paid for all four years a generation before.
If it weren’t for public support, college would likely cost more. So, yes, it could be worse. Public support, though, reached its peak in the late 1980s and has steadily declined since.
Many scholars have confirmed that universities fit much of Bowen's description: the economist Ronald G. Ehrenberg, in his book Tuition Rising: Why College Costs So Much, describes universities as "cookie monsters" who "seek out all the resources that they can get their hands on and then devour them", [9] for instance, while the former president of Harvard University Derek Bok, in his book ...
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.
The Chronicle of Higher Education's most recent Executive Compensation at Private Colleges survey is an interesting read, especially when you consider the disconnect between these college ...
College tuition in the United States is one of the costs of a post-secondary education. The total cost of college is called the cost of attendance (or, informally, the "sticker price") and, in addition to tuition, can include room and board and fees for facilities such as books, transportation, or commuting provided by the college.