Between 1980 and 2023, the average price of college tuition, fees and room and board skyrocketed 155%, according to the National Center for Education Statistics. The average tuition for private colleges is now $39,723, U.S. News and World Report found.
Are you really not aware that college is far more expensive now that it has ever been? Really? In 2024?
But let’s look at the economics…
Firstly:
You can see that fees are up substantially over where they should be if inflation is taken into account- https://www.usnews.com/education/best-colleges/paying-for-college/articles/see-20-years-of-tuition-growth-at-national-universities
Secondly:
https://www.cbsnews.com/news/college-tuition-cost-rise-loans-administrative-bloat/
Thirdly:
This is actually being studied academically- https://www.forbes.com/sites/prestoncooper2/2020/08/31/a-new-study-investigates-why-college-tuition-is-so-expensive/
Fourthly:
It’s gone up almost 5% in the last five years alone- https://www.bls.gov/opub/ted/2023/college-tuition-and-fees-up-4-7-percent-since-february-2020.htm
I know I supposedly failed simple economics, but I am able to keep abreast of things like this.