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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 ...
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.
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.
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
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 ...
The revenue theory of cost, also referred to as Bowen's law or Bowen's rule, is an economic theory explaining the financial trends of American universities.It was formulated by American economist Howard R. Bowen (1908–1989), who served as president of Grinnell College, the University of Iowa, and the Claremont Graduate School.
For a public in-state school, that cost was $10,500, that’s an annual increase of 0.8% for in-state students and about 1% for out-of-state. But at highly rated or selective schools, the price ...