September 3, 2014

College education costs 12 times more than it did 35 years ago

Mother Jones - In the 2012-13 school year, first-year, on-campus tuition averaged $43,000 at four-year, private schools and $21,700 at in-state public schools.

It wasn't always like this: The cost of undergraduate education is 12 times higher than it was 35 years ago, far outpacing inflation. While the indexed price of college tuition and fees skyrocketed by more than 1,122 percent since 1978, the cost of medical care rose less than 600 percent, and the cost of housing and food went up less than 300.


Capt. America said...

Universities sell what they do not own and are the sole evaluators of their own products. They are unethical, and it is utterly impossible to justify their further existence. Teaching and testing must be done by different institutions separated by an impervious wall.

Anonymous said...

Get rid of the self-interested administrators, a group that has grown far faster than the rest of academia, and see whether that doesn't improve matters substantially. Bet it would.