A demonstrator holds up a dollar sign in New York during an Occupy Wall Street rally protesting against the high cost of college tuition.
Don Emmert,Afp/Getty Images
Our take: With the economy struggling, colleges are taking a hit by raising their tuition rates across the country. The increased rates have caused more students to take out loans and go into debt for education.
Yesterday, the Department of Education offered up yet another bit of awful sounding news about the cost of college, when it reported that tuition at four-year, public institutions had jumped up 15 percent in two years -- even faster than the cost of health care. At private schools, they rose by almost 10 percent on average. If there was suddenly a run on Xanax at your neighborhood CVS, you can safely blame it on anxiety-ridden parents.
But while everyone chews their meds, I'd like to offer a few reasons for calm.
Read more about college costs on The Atlantic.
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The appetite for money exhibited by colleges and universities is insatiable. There is only one way to stop this inflationary trend: stop buying. Once demand for overpriced education services drops, the price will, too. Students and parents have to More..
Same reason why gas prices have jumped. Same reason why the price for almost everything has jumped in the past few years.
Because CEOs and those in power want more money and the public is willing to pay for it/go into debt for it.
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I couldn't agree with you more, SEY. I have only a high school diploma, although I'm an avid autodidact and have been all my life. You cannot stop those who truly want an education and don't care about the status of of a degree or a More..