The Cost of College

As the recession take holds and talk of deflation heats up, it is important to note that inflation is still running rampant in certain areas, most notably in the cost of attending college.





College tuition increased 439 percent from 1982 to 2007 while median family income rose 147 percent. Not to be lost in the graph is the fact that medical costs have risen about 250% during that period and the Consumer Price Index (the government's measure of inflation!!!!) has risen only 100%.

With regards to the cost of higher education in this country, at some point we reach a breaking point, and with the continued strain in the student loan arena, I believe that point may be in the near future. Whether this leads to lower costs, or a mass increase in enrollments at State Universities and Community Colleges is anyone's guess, but the future for soaring tuition at private institutions is certainly in jeopardy.