Fauxcahontas, paid $300,000 to teach on course a semester, no wonder tuition has gone 2-3 times inflation rate for the past 20 years.
This is why there is 1.2 trillion of college loan debt.
Because students can get loans they just keep increasing the price of tuition. There needs to be a big rollback in tuition increases from 2000-2016.
I have an answer. Examine inflation vs. tuition fee growth from 2000 to 2016 and jawbone the tuition fees downward until they are at parody. If the Colleges won’t do it then the government should take them off the list of approved schools.
I don’t get COLA often on SOCIAL SECURITY, a more strict standard is to give them the same 2000- 2016 Cola adjustment, then we would really hear the liberals cry.
As with anything else, the moment Gubmint gets involved, prices skyrocket, bubbles are created, etc. Also see, housing bubble, healthcare premiums, etc.
Harvard has an endowment worth about 60 Billion, they could offer free education till the sun quit shining.