• Henry Park

The soaring cost of a college education


I've seen the stories about how expensive a college education had become. But, the cost didn't sink in until I saw this chart showing the rise in tuition at the University of Minnesota, my alma mater.

Thus, over 25 years, the annual tuition for a undergraduate resident increased almost five times. For comparison sake, here is the annual change in inflation over the same period of time (from here). As you can see, tuition increases were almost always much greater than inflation.

#inflation

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