Recent news articles report that college tuitions are soaring this year… again. Does anyone really believe that the price hikes for higher education at public universities can be fully accounted for by cutbacks in state funding? Let’s take a look at the long-term picture comparing the cumulative change in tuition and fees (for all colleges and universities, not just public ones) to other elements of the Consumer Price Index.
Source: Moody’s Analytics
— James A. Bacon
