Reply to 200% increase in tuition

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[quote=Anonymous][quote=Anonymous]So it about matches inflation.[/quote]

No.  The college inflation rate was almost 2x the overall inflation rate.  The overall was 115%. Compared to the 200% in the OP.  You cannot seriously think the cost of American colleges is defensible?   US policy created a knowledge economy where most jobs require a degree.  Then gave govt subsidized loans to help people pay for it.  Okay, fine.  THEN states cut education spending especially for college during the Great Recession and most never returned those levels.  So we have inelastic demand because 3 generations have been told you’ll be left behind without a degree and the colleges know public and private loans are available, so jack up tuition accordingly.  Then there’s also perception.  No college wants to cut tuition below its peers because people conflate cost with quality.  A college doesn’t want to be perceived as the low rent version.  But something will have to be done. As these inflation rates are not sustainable [/quote]

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