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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.
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.
Getty Images For anybody who has paid even the slightest amount of attention to higher education over the past few years, it should come as absolutely no surprise that college costs a lot of money.
Over the past 20 years, the cost of college tuition has increased at a rate outpacing both wage growth and inflation. That means it's been taking a bigger and bigger piece of the average family's ...
There is a misconception that there was no similar increase in financial aid to help cover the costs of tuition. This is incorrect. In 1965, $558 million was available for financial aid. In 2005 more than $129 billion was available. As college costs have risen, so has the amount of money available to finance a college education.
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