This chart shows how quickly college tuition has skyrocketed since 1980
"Paying for college never is easy, but it's easier than most people think," writes Alexander, who currently chairs the Senate's education committee.
In his op-ed, Alexander neglects to address a major topic in college affordability discussions: ballooning tuition costs. College tuition has seen massive tuition increases in the past 30 years, growing disproportionately to other consumer goods.
The below chart using data from the Bureau of Labor Statistics shows the growth in the price of a college education compared to the Consumer Price Index (CPI) for all consumers.
The average annual increase in college tuition from 1980-2014 grew by nearly 260% compared to the nearly 120% increase in all consumer items.
In 1980, the average cost of tuition, room and board, and fees at a four-year post-secondary institution was $9,438, according to the Department of Education. That number has since climbed to $23,872.
One explanation for this trend is that students, rather than state governments, are absorbing more of the costs of college, according to the Washington Post. Colleges have also seen an enormous uptick in enrollment between 1980 and 2012.
The World Bank reports tertiary school enrollment as a percentage of the total population of students who graduated within the last five years.
In 1980, the US enrollment was 53% and in 2012 it was 94%. While the World Bank defines tertiary school broadly - and includes universities, colleges, technical training institutes, community colleges, nursing schools, and research laboratories - the increase is stark enough to acknowledge that the growth in college attendees likely contributes to growing college costs as well.
Growing college enrollment contributes to increased costs in two ways. It necessitates the hiring of more administrative staff, which can be costly. It also normally means that the expenditures, from state and federal government, per student is lower, again placing the burden of tuition and fees on students and families.
- Govt approves PLI scheme for making drones with outlay of Rs 120 cr, comes out with norms
- Apple transportation through drones to become reality in tribal Kinnaur district of HP
- Researchers develop device that uses sound waves to separate blood-based nanoparticles
- 5 Bihar villages to be developed into human-carnivore coexistence zone
- Delhi's air quality will likely improve from Sunday evening, says IMD
- Dharmaj Crop IPO
- Reliance Jio
- Digital Nomad Visa
- Whatsapp tips
- Air India crew guidelines
- Mukesh Ambani
- Larget Employers
- Highest Revenue companies
- New Cars in December 2022
- Best Companies for Work
- India's Richest People
- Maruti Suzuki
- Top Valuable unlisted Company
- Tata Tiago cng vs Alto k10 cng
- Top 10 Colleges in India
- Top 10 Airlines in World