“The cost of college is skyrocketing—the average cost of attendance at a four-year public university has quadrupled over the past 35 years”
In private schools, the rise is similar. I started at Georgetown in 1979-80, and the tuition was $4,450/year. Now it is now a hair over $48,000. That’s about 11-fold in 37 years. Almost all colleges and universities, public or private, have followed this pattern.
The solution is simple:
1) Prosecute college officials nationwide for collusion to defraud the students and the federal government.
2) Decrease federal and state aid to college and grad students - massively.
3) Change the bankruptcy laws to allow student loans to be defaulted upon once again (as before 2005). Then banks will force students to a higher standard of proof that their intended course of study will actually produce some reasonable amount of income once they get out of school. No more $100,000+ student loans for Sociology majors who haven’t a snowball’s chance in Hell of paying it off.
4) Rinse, wash and repeat #1 about every 5 years.
I absolutely agree. We have RICO laws on the books that would be used to prosecute colleges and universities. They have engaged in illegal activities to defraud the government and taxpayers.
However, Academia, like the Media, Entertainment, and the Race Hustlers, are one of the pillars of the Liberal Establishment. The laws don't apply to them.
Instead of #1, revoke the antitrust exemption given to accreditation agencies- then prosecute them for what amounts to collusion.
RE: I started at Georgetown in 1979-80, and the tuition was $4,450/year. Now it is now a hair over $48,000.
According to this inflation calculator,
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=4450&year1=1979&year2=2016
based on average inflation, the tuition should be just about $15,000 in 2016.
Something has caused tuition to go up TRIPLE the average inflation rate.