Saturday, October 30, 2010

Higher Education Bubble Update; New York Daily News Calls It a "Government-Sanctioned Racket"

CARPE DIEM: Higher Education Bubble Update; New York Daily News Calls It a "Government-Sanctioned Racket"
"Public university tuition has increased faster than private tuition in each of the last four years, and in eight out of the last nine years, by an average of 3% per year.

As the chart above shows, the trajectory of college tuition in the U.S. is on a path that makes the recent housing bubble seem like a minor historical footnote by comparison"

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