| PHOTO: (credit Flickr/Earlham College) http://www.flickr.com/photos/earlhamcollege/4618231007/sizes/z/in/photostream/ |
Proposition #1: College is just too expensive.
Today, the liberal arts college experience offers many valuable things: exposure to new ideas, analytical skills, social networks, support, accountability, and the opportunity to live independently. But these good things come at a high price. The average family will shell out roughly $20,000 per year for tuition and living expenses,[1] while the average student who takes out loans will graduate with more than $25,000 in debt.[2] And this isn’t a recent trend: since the 1950s, college tuition has risen almost twice as fast as inflation.[3]
When the price of oil rises, we look more seriously at alternative energy. When a business raises its prices, we consider different ways that we could obtain the same goods or services. But even though the price of college has skyrocketed, we flood its gates. Why?
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