Is The Cost Of A College Degree Getting Out Of Hand?
Posted on January 5th, 2007
A lot of people think so, and the cost of higher education is the subject of endless debates. Here is an interesting article that addresses these concerns.
But in general, the higher education lobby and its supporters among the political class, who are legion, act as though rapidly rising tuition costs are a force of nature, and therefore claim the "answer" is to ladle on still more federal aid to higher education. Yet there is strong evidence to suggest that increased federal aid merely raises the sticker price and insulates educational institutions from any need to find efficiencies.
Whatever the causes, which surely include old-fashioned supply-and-demand (more students demand a college education, so the price rises), the hard fact is that the cost of a college education strains all but the most flush of household budgets. Parents and students alike are entitled to wonder if they are getting their money's worth.
What do you think? Is that degree worth the money, or do you sometimes feel you're not getting your money's worth?
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