The 500% IncreaseOctober 3, 2017 |
by Hansen Dendinger
College education has always come with a price tag, but never more so than in the past few years.
Slowly rising tuition and living fees have been building up for decades, with each year leaving the cost of a college degree thousands of dollars higher.
“College costs have been rising roughly at a rate of 7 percent per year for decades. Since 1985, the overall consumer price index has risen 115 percent while the college education inflation rate has risen nearly 500 percent,” Steve Odland, a contributor to Forbes Magazine, wrote.