
Education | |
Federal Regulations Help Push Up College Costs |
College tuition has increased faster than inflation over the past 10 years and academics warn the trend will continue over the coming decade. The increases are reportedly forcing students to drop out or "max out" on student loans.
Sen. Susan Collins (R-Maine) accused college administrators of taking advantage of the increased availability of government student loans to increase tuition. She said lawmakers are reconsidering federal student aid policies -- which might be having the effect of fueling tuition increases and discouraging poorer students from attending college. With other costs for room, board and books, the price of an undergraduate degree now averages $10,909 at public colleges and $23,651 at private colleges. Senate Government Affairs Committee Chairman Fred Thompson (R-Tenn.) drew attention, in hearings yesterday, to the fact that even well-endowed institutions are boosting tuition. "As the stock market goes up and endowments go up, tuition goes up, too," he noted. "Perhaps we are not looking at this correctly." Source: Lance Gay, "Unchecked Growth Faulted as Tuition Rises Top Inflation," Washington Times, February 10, 2000. For more on Higher Education Funding http://www.ncpa.org/pi/edu/edu7.html |
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