Tuition costs at public and private colleges were, are and have been rising
faster than just about anything in American society - health care, energy,
even housing. Between 1950 and 1970, sending a kid to a public university
cost about four percent of an American family's annual income. Forty years
later, in 2010, it accounted for 11 percent. Moody's released statistics
showing tuition and fees rising 300 percent versus the Consumer Price Index
between 1990 and 2011.
...
Bottomless credit equals inflated prices equals more money for colleges and
universities, more hidden taxes for the government to collect and, perhaps
most important, a bigger and more dangerous debt bomb on the backs of the
adult working population.
http://www.rollingstone.com/politics/news/ripping-off-young-america-the-coll
ege-loan-scandal-20130815
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