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Other Reasons College Is So Expensive The very complicated question about why tuition has gotten so expensive boils down to the most basic economic principle: supply and demand.
If it weren’t for public support, college would likely cost more. So, yes, it could be worse. Public support, though, reached its peak in the late 1980s and has steadily declined since.
The cost of college has made a degree less advantageous than it was 10 years ago, one expert said. College is more expensive than it's ever been for 5 reasons, and there are no solutions in sight ...
Pell Grants, which were created to offset the cost of college for low-income students, started funding more middle-class students, stretching the funds thinner for everyone. During the mid-1990s 34% of the cost for college was covered by the maximum offered Pell Grant, compared to 84% during the 1970s. [16]
The United States has one of the most expensive higher education systems in the world, [4] [5] Public colleges have no control over one major revenue source: the state budget. [6] In 2023–24, the weighted average list price for annual tuition in the United States ranged from an average of $11,260 for in-state students at public four-year ...
With the average cost of an undergraduate degree ranging from $25,707 to over $218,000 depending on a student’s resident status and institution, it’s natural to wonder why college is so ...
One advisor counseled against letting the sticker price of a college dissuade a student from applying, since many of the top colleges have strong endowments allowing them to subsidize expenses, such that the colleges are less expensive than so-called "second tier" or state colleges. [13]
At Bridgewater College in rural Virginia, we’re getting real about tuition by reducing our undergraduate sticker price by more than 60% starting next fall to make programs more clearly ...