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Originally Posted by merrylander
I see no one has mentioned that the average tuition has been rising at 8% per year of late. Partly due to the slash and burn tactics of many GOP governators.
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The reduction in state-level funding has nothing to do with it. Can you show me a college or university that has contracting enrollment, or is shrinking in size? Here in MI, the economic doormat of the United States, nearly every college / university has stable or better enrollment rates, and is expanding facilities to accommodate.
No, the increase in tuition is largely due to the proliferation and reduction on cost and risk (to the borrower) of student loans. Particularly now that the government has taken over student loans. Basic law of economics: make something cheaper and you increase demand, while also lowering the perceived value of the good or service in the marketplace. Most recent college graduates would suggest that the increased demand / reduction in perceived value is a familiar issue.