Wednesday, December 3, 2008

College Out of Reach for More Americans

New York Times:

Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.

“If we go on this way for another 25 years, we won’t have an affordable system of higher education,” said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education.

“When we come out of the recession,” Mr. Callan added, “we’re really going to be in jeopardy, because the educational gap between our work force and the rest of the world will make it very hard to be competitive. Already, we’re one of the few countries where 25- to 34-year-olds are less educated than older workers.”

2 comments:

  1. Why has the price of education gone up so much? Is the government not subsidizing as much as they were in 1982, or is there some other reason.

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  2. Tuitions have risen disproportionate to wages in America. Either wages aren't high enough, or tuition too high. Various schools of thought on which of those is the problem.

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