Friday, June 26, 2015

Why does a college degree cost so much? - John W. Schoen, CNBC

"Overall, the aggregate level that institutions are spending on teaching and student-related services has been pretty much stable for the past 15 to 20 years, adjusted for inflation" said Franke, of the University of Massachusetts in Boston. So if the cost of providing an education has remained fairly stable, why does the price students pay keep rising? The reason, say researchers, is that deep budget cuts in state funding for public higher education and shrinking subsidies at private schools have pushed a greater share of the cost onto students and their families.

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