Friday, November 21, 2008


How Bad is the Cost of College?

Let's see. . .Here is a chart comparing from the Wall Street Journal comparing rise in the cost of college to the rise in the cost of other "consumer" goods:

Rising Consumer Costs 1985-2005

Item Increase
Gasoline 66.80%
Food 88.70?
Housing 93.00%
Car Repair/Maintenance 103.0%
Rent 114.0%
Medical Care 218.7%
College Tuition 330.2%

In comparison, how much has family income risen during the same time period?

Estimates range between 13% and 16%.

This is outrageous! And the solution colleges and the government provide us? Loans. More debt and credit enslavement.

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