The higher-ed bubble is bound to burst :: Jeff Jacoby
GW is a private institution, but the price of a college education has
been skyrocketing at public campuses too. All told, the average cost of
an undergraduate education has more than doubled in real dollars
since I entered college in the mid-1970s. Over the past 3½ decades, the
consumer price index has climbed around 3.8 percent per year; over the
same period, college tuition and fees have been soaring at an annual
rate of 7.45 percent. But nothing soars forever.
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