Rising Tuition Costs Surpass Rate of Inflation

Thursday, February 14, 2013

Panic around the rising cost of college is not a new phenomenon. An article in a December 1968 issue of The New York Times reported on the growing economic problems of that decade. Reporter Thomas Mullaney wrote, “The public is being hit increasingly in the pocketbook by a wide array of price increases for goods and services ranging from cars to clothing to consulting fees.

The head of one New York family cited some of them when he complained recently: ‘In a two-week period, I had notices that tuition for my three children at private schools is rising between 15 percent and 30 percent.’” Sound familiar?

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