Higher education

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<p>Galloping inflation in American college fees</p><p>FOR decades, college fees have risen faster than Americans’ ability to pay them. Median household income has grown by a factor of 6.5 in the past 40 years, but the cost of attending a state college has increased by a factor of 15 for in-state students and 24 for out-of-state students. The cost of attending a private college has increased by a factor of more than 13 (a year in the Ivy League will set you back $38,000, excluding bed and board). Academic inflation makes most other kinds look modest by comparison. Students may not be getting a good deal in return (see story). ...</p>

Posted on Thu, 02 Sep 2010 12:14:25 GMT at http://www.economist.com/daily/chartgall...8&fsrc=rss