Is College Becoming Out-of-Reach?
An article in the Huffington Post about college costs caught my eye. Over the past three decades, the inflation-adjusted income of the median American family has basically remained stagnant. The same can’t be said of college costs, which have simultaneously surged to almost unrecognizable heights , according to a new report by the left-leaning Center for American Progress. Costs at private nonprofit four-year colleges have increased by more than 150 percent since 1982, but the real trouble is at four-year public schools, where inflation-adjusted costs have experienced a startling 250 percent jump. Yikes.