Thursday, August 13, 2015

Is College Worth the Expense?

The cost of attending a four-year college in the United States has increased sharply of late, from around $3,500 in the early 1980’s to around $24,000 for this upcoming academic year.

Since 1980, nothing has increased in price more than college. Not health care. Not gasoline. Not housing.

If college costs had increased with inflation since the early 1980’s, tuition this year would be a little more than $9,000 per year. What accounts for the extra $15,000 in annual expenses?

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