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Just a regular American
Good article on the rising costs of going to college. Am I glad I have my degree!
Colleges charge big tuition because they can | Journal and Courier | jconline.com
Back in 1989, Hoosier freshmen at public colleges paid an average of $1,685 a year in tuition and fees. Next year, they will pay four times that -- $6,922 -- a 311 percent increase.
From 1989 to 2011, Purdue University's main campus in West Lafayette has raised tuition 395 percent; Indiana University in Bloomington, 370 percent; and Ball State, 356 percent.
In that same time, the Consumer Price Index has increased 81.9 percent, according to a Bureau of Labor Statistics calculator. If Purdue's tuition increase had matched that Consumer Price Index increase dollar for dollar, the 1989 tuition of $1,916 would be $3,487 -- as opposed to the $9,478 Purdue students will pay during the 2011-12 school year.
That's even more staggering when you consider Indiana's median family income rose just 33 percent during that time.
Colleges charge big tuition because they can | Journal and Courier | jconline.com