From today's Wall Street Journal: “After adjusting for inflation, the average tuition at a four-year public school increased 117% between 1981 and 2001. The rise was 123% at private schools. The increase in financial aid available per full-time student lagged, at 112%, during the same period, while the inflation-adjusted median family income rose only 25%.” Tuition increasing at nearly five times the rate of family income. I doubt that inflation-adjusted faculty salaries rose at anywhere near this rate. Any comments on why tuition increased so much?
I'm sure the vast majority of those schools included in the survey were not-for-profits. I wonder where all those funds went?
