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  1. turb0_encapsulator on

    what caused the steep rise right around the turn of the century? I know the original rise had a bit to do with a law that made the debt impossible to discharge in bankruptcy.

  2. I hate how college has turned into a for profit business instead of a noble cause for education.

  3. Right around the time the federal government got into the loan business cost started to rise a lot more

  4. If I understand correctly it’s college tuition without accounting for inflation vs accounting for it?

  5. The average cost of college tuition now is under $12K? Just wondering. Can you do this with the cost of room and board, also?

  6. I haven’t been in college for 15 years. I WISH it cost me $1k/mo. back then. The only college I’ve ever been to that is as cheap as that graph is a small community college and one that specifically operated and prided itself as being very cost efficient.

  7. CalgaryChris77 on

    Is this per month per full load? It’s such a weird way to measure but it seems a lot cheaper than I thought it would be.

  8. I did my master’s thesis on this subject and the issue can be squarely laid on the deregulation and neoliberalization of higher education that happened in the 70s. Instead of direct federal funding for universities, states were left to fend for themselves, though at the time the Pell Grant was established to help low-income students. At that time, the Pell Grant would cover the entirety of a student’s ttuition, so the problem was minimized.

    However, Congress predictably failed to link the Pell Grant to inflation or COL increases, leading to the relative pittance it provides today. Simultaneously, state spending per student plummeted across almost every state, partially due to political reasons but also because higher education is only of the only “flexible” budget items in most states (It is not really viable, practically or politically, to reduce K-12 education, state-based healthcare, infrastructure, or emergency services). Additionally, professional staff within universities increased – something both good and bad, as it includes critical support services such as learning, counseling, Title IX offices, and the like, as well as unnecessary elements like increased branding and marketing. Finally, because neoliberal policies and principles began to corporatize universities, this led to inflated compensation for c-suite level leadership in many universities.

    Taken together, these elements created a massive budget shortfall that can only be made up through tuition, lacking funding from other sources. Private universities are sometimes able to avoid this through financialization of their endowments and research, but overall, this is how we get to the modern university and its costs.

  9. repeatoffender123456 on

    What is the cost for two years at community college and then two years at an in state school?

  10. FoolishChemist on

    As someone who teaches in college, your professors’ salaries are not increasing at this rate. We would be ecstatic if it even matched the inflation rate.

  11. Many_Birthday_0418 on

    Just study at home bro. Today we have tons of cheap or free online course, free textbooks on Z lib and free AI which can explain anything to you. I don’t even think university have any value today.

  12. Over-simplified answer as to what is going on here per ChatGPT:

    “In short: the 1990s were when state disinvestment, rising demand, expanded federal loans, and growing administrative/amenity spending converged, creating the steep tuition inflation curve we still see today.”

    I personally think we need to completely rethink sending so many kids to 4 year colleges as the default. The de facto result is credential bloat where jobs that did not formerly require a college degree (and have no rational need for one) now require a college degree, forcing kids to spend years in college and rack up massive debts for no societal benefit.

    Junior colleges, trade schools, and public or military service would be much more logical post high school tracks for so many kids who are not gonna be doctors or lawyers or engineers.