Rationality quotes time!
The usual rules:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
- No more than 5 quotes per person per monthly thread, please.
College tuition inflation is often talked about but rarely dealt with sensibly. To understand the nature and extent of college tuition inflation, it's important to understand
Looking at the sticker price isn't comparing apples to apples. Aid has gone up drastically. It's never been cheaper for a kid from a poor family to get an education. Although a lot of the increases at state schools relate to decreasing funding, a huge amount of them at private schools (and a lesser extent at state schools) is their financial aid programs. Tuition has become more progressive and we're comparing the top prices.
Running a college is about as labor-intensive as it ever has been, which is to say, very. Prices in all labor-intensive stuff have gone up faster than CPI.
There has been a real increase, but it's not all real and it's not all for the reasons a lot of people assume.
But if you're middle class the price has gone up and may be unaffordable.
... (read more)