Heard on the radio today that tuition increases by 7% year over year.
Why would inflation for the rest of the economy be 2-3%, but tuition so much higher? Is this supply and demand at work?
Govt: “Hooray, we added more $’s for students! Vote for me”
Schools: “Hooray, our prices went up!”
If true, it’s hard for me to blame the schools, they seem to be mopping up available dollars.
