College May Become Unaffordable for Most in U.S.

Dec.04, 2008 in Market Outlook

NY Times 12/3/08
College May Become Unaffordable for Most in U.S.

The rising cost of college — even before the recession — threatens to put higher education out of reach for most Americans, according to the biennial report from the National Center for Public Policy and Higher Education.

Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007 while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.

“If we go on this way for another 25 years, we won’t have an affordable system of higher education,” said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education.

http://www.nytimes.com/2008/12/03/education/03college.html?bl&ex=1228453200&en=a32b625bf9928825&ei=5087

For what its worth I completed all my education including my Masters in the UK. My friends that are professors in the US tell me that the kids going through college are for the most part not college material.

There’s so much money poured into education here its a shame that so little proportionally comes out. This country only needs 15 million to run it (top 5%).

Another bubble: U.S Pharmacists

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