Part of the reason prices have gone up so much is that credit has become so easy.
50 years ago, if you wanted to go to college, you went, and the prices were reasonable because people could not afford a lot of money for it, and no one would lend it to them.
There is almost no downward price pressure on college costs, and there is upward price pressure: since the students don't care about the price, they always want the school with better and more modern facilities, which cost money.
50 years ago, if you wanted to go to college, you went, and the prices were reasonable because people could not afford a lot of money for it, and no one would lend it to them.
There is almost no downward price pressure on college costs, and there is upward price pressure: since the students don't care about the price, they always want the school with better and more modern facilities, which cost money.