The staggering inflation rates of college tuition over the past couple of decades has been a frequent topic for us. As the Wall Street Journal notes today, the cost of educating our snowflakes has soared since the early 90’s and outstripped overall inflation by nearly 4x. It seems that the liberal indoctrination of an entire generation is very expensive business.
U. S. college tuition is growing at the slowest pace in decades, following a nearly 400% rise over the past three decades that fueled middle class anxieties and a surge in student debt.
Tuition at college and graduate school – after scholarships and grants are factored in – rose 1.9% in the year through June, broadly in line with overall inflation, Labor Department figures show. By contrast from 1990 through last year, tuition grew an average 6% a year, more than double the rate of inflation. In that time, the average annual cost for a four-year private college, including living expenses, rose 161% to about $27,500, according to the College Board.
Some schools are offering more discounts and cutting prices.
This post was published at Zero Hedge on Jul 24, 2017.