Since 1982, the cost has increased by a total of 500%. As a result, about 40% of soon-to-be college students end up turning down their first-choice school and going for a cheaper option. Why has the cost gone up so much? One major reason for such drastic increases in college costs is a lack of funding from state and local governments. As more and more funding is being taken away from universities and colleges, upping tuition rates is an easy way to make up the difference. Other factors have also contributed to this, such as the ‘recreation parks arms race’ to attract students and rise up college rankings.
The Only College Financial Aid Guide You’ll Ever Need
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