College is basically a resort for late adolescents complete with gyms, flat screen TV’s, exotic cuisine, constant entertainment and obviously easy access to members of whatever sex floats your boat.
The appropriate comparison would be to what has happened to the cost of similar resorts like Sandals, Club Med etc. I suspect the increases would be roughly comparable.
RE: a resort for late adolescents complete with gyms, flat screen TV’s, exotic cuisine, constant entertainment and obviously easy access to members of whatever sex floats your boat.
The current financial model of private colleges is to keep tuition prices high so as to capture a great amount of money from students who can afford to pay top dollar. This money then funds fanciful construction projects and superfluous creature comforts for students, which for some reasons, REALLY do wonders to attract more of the same students.