Thursday, March 7, 2013

Public College Tuition Soars By Most Ever (Or Searching For Deflation In All The Wrong Places)

http://www.zerohedge.com/news/2013-03-06/public-college-tuition-soars-most-ever-or-searching-deflation-all-wrong-places
As the title, and chart, both imply, the simple reason why college tuition is up 1200% in 35 years, while healthcare fees have soared by a neat 600% or double the official cumulative inflation, is two words: "cheap credit."
The average amount that students at public colleges paid in tuition, after state and institutional grants and scholarships, climbed 8.3% last year, the biggest jump on record, according to a report based on data from all public institutions in all 50 states to be released Wednesday by the State Higher Education Executive Officers Association. Median tuition rose 4.5%.

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