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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 in the U.S. is going … down? With lower tuition, less student debt and more grant aid, College Board data released last week shows a hopeful future for higher education costs ...
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]
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 ...
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
College is really expensive. And it just keeps getting more expensive. The average tuition at US private colleges grew by about 4% last year to just under $40,000 per year, according to data ...
For most public and private universities in the United States, there has been a drastic increase in the cost of attendance. Many of these institutions increase their costs annually beyond that of economic inflation. Trends have shown that compared to today, colleges, public and private, cost double of what is expected from economic inflation.