The Education Bubble By The Numbers
The Colorado University system plans on the following tuition hikes between 2011 and 2016. The only reason I pick on them is because they were honest about what they were doing and put it in the newspaper for us all to google on the Internet.
|Academic Year||Proposed Tuition||Tuition Raised at 2.5%/Year||Economic Rent||2011-12||$7,685||$7,685||$0|
The table rows are as follows. Academic Year represents the Fall and Spring Semester for which the proposed rates of tuition apply. Proposed Tuition represents the proposed full-time undergraduate semester tuition to attend UC. Tuition Raised at 2.5%/Year represents what the tuition would be if it were increased to match a hypothetical 2.5% Core Inflation Rate for the US economy. Economic Rent represents the differential between the rate of inflation and the increase in tuition. Parents of UC students, I leave it to you to decide if UC really adds that much value to their university system each year to justify the differences.