Wednesday, April 16, 2014

What’s happening to college tuition rates of increase?

I don't think who is in the White House should affect college tuition, but this is odd--huge increases in the last 5 years.
•The 14% real increase in average published tuition and fees at private nonprofit four-year institutions from 2008‑09 to 2013‑14 was larger than the 9% increase over the previous five years.
•Average published tuition and fees at public two-year colleges increased by just 4% in inflation-adjusted dollars, from $2,425 (in 2013 dollars) in 2003-04 to $2,530 in 2008-09, but by 29%, to $3,264 in 2013-14.

And now the federal government has control of the loans? Looks like we're headed for another bubble ready to burst just like housing in 2007.

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