Monday, August 3, 2009

U.S. News: 7 Reasons Why College Is So Expensive

U.S. News and World Report has posted an article on seven reasons why colleges are so expensive today. I know from my own personal research that college tuition increased dramatically in the 1980s and 1990s. Although tuition increases have slowed recently, national average incomes have become stagnant (and even decline compared to inflation) since the late 1960s, making college so expensive for lower and middle class families.

  1. State Appropriations
  2. Labor Costs and Competition
  3. Operating Costs
  4. Rapid Increases in Knowledge and Technology
  5. Government Regulation
  6. Economic Ebbs and Flows
  7. The Sticker Price Isn't Always What You Pay

Do you agree with this list? Why or why not?

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