Why Has College Become So Expensive? - Angela Davis, WCCO

The cost of a college education is skyrocketing. New figures show outside of a mortgage, college tuition debt is the biggest chunk of debt. Students owe more than $1.4 trillion. That’s more than debt from both credit cards and auto loans. An article in Forbes magazine this week compares the average cost of attending a four-year institution 20 years ago to current times. Back in 1989, a four-year degree cost about $27,000. If you adjust that number for inflation today, it would be about $53,000. A recent report shows in 2016, students paid twice that — an average of $104,000 for their four-year degree. https://minnesota.cbslocal.com/2018/07/25/why-is-college-so-expensive/