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Colleges need to start practicing cost containment
Colleges need to start practicing cost containment

Almost all colleges, private or public, have levied a price tag that has grown on average twice as fast as the Consumer Price Index for the last 40 years. This is a larger increase over a longer period than any business or enterprise in the country. At the same time, government subsidized student loans began because of the outrageous increases. Unfortunately, the colleges thought the extra money from the loans was theirs to spend, so they kept increasing the rates. Government loans actually caused tuitions to go up. Eighteen-year-olds, totally unschooled in the fine points of loans and looking forward to college life rather than years of payback, signed on while the colleges collected...

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