Home > Educational Leadership, Educational Reform, Higher Education > Why Does College Cost so Much?

Why Does College Cost so Much?

By Richard Vedder & Matthew Denhart

College costs too much, both for students and for society as a whole.

This year, according to the College Board, average published in-state tuition and fee plus room/board charges exceed $17,000 at four-year public institutions, a 6% increase from only one year earlier.

In 2009, spending by Americans for post-secondary education totaled $461 billion, an amount 42% greater than in 2000, after accounting for inflation. This $461 billion is the equivalent of 3.3% of total U.S. gross domestic product (GDP) and an amount greater than the total GDP of countries such as Sweden, Norway and Portugal.

Continued at: http://www.cnn.com/2011/12/02/opinion/vedder-college-costs/index.html?hpt=hp_c2

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