By Thomas K. Lindsay, Ronald L. Trowbridge, and Richard K. Vedder
College costs have become staggering and continue to rise unabated. Since 2002 in Texas, the median household income has risen 32 percent; college costs, 147 percent–five times greater. In the past 25 years, average nationwide college tuition is up 440 percent. Student-loan debt totals $1.3 trillion, surpassing total national credit-card debt. These escalations, by any measure, are not acceptable. Why, then, does it continue? The answer is that an understood cartel collusion directs these escalations of costs, and colleges will continue to raise prices as long as they can get away with it.
The following are areas where costs can be reduced, with commensurate savings to students. CONTINUE READING HERE