The Federal government caused the high price of college.
After WW2 college was relatively cheap (if you didn’t go to a prestigious ivy leage school.)
Along came government and student loans. Now you can borrow money to go to school. The schools now know that they can charge more, because the government will loan it to you, so tuition increases faster than anything else. You now need to borrow even more, so they can charge even more.
Now it’s 2012 and my daughter graduates with a degree in nursing and $82K in loans.
Students Paying More and Getting Less, Study Says
http://www.nytimes.com/2009/01/16/us/16college.html
“the share of higher education budgets that goes to instruction has declined, while the portion spent on administrative costs has increased.”
(Sounds like every other Gov’t program.)
Maybe they could spend some of the millions in endowements they’re sitting on.
So when’s the congressional hearing on college ‘price gouging’ ?