Monday, January 16, 2012

New Republic: Belt Tightening on College Costs - Kevin Carey, NPR

Over the last three decades, through good economic times and bad, one of the few constants in American life has been the relentless rise in the price of higher education. The numbers are stark: According to the non-profit College Board, public four-year universities raised tuition and fees by 8.3 percent this year, more than double the rate of inflation. This was typical: Over the last decade, public university tuition grew by an average of 5.6 percent above inflation every year.And the problem is also getting worse: In the 1990s, the annual real increase was 3.2 percent. In the 1980s, it was 4.5 percent.