Why Is College So Expensive?

College is a good deal, but it could be a much better deal. A combination of factors have driven the costs of higher education in America to increase extremely quickly, pricing some people out of an education and building over a trillion dollars in student loan debt. So why? Why did those costs increase and what are schools spending all that fat cash on. Turns out, it's pretty complicated.

Can you lower your student loans?
http://www.vox.com/2014/10/1/6050243/student-loan-repayment-options

SOURCES

Trends in College Spending: 1998 to 2008 http://www.deltacostproject.org/sites/default/files/products/Trends-in-College-Spending-98-08.pdf

Trends in College Spending 2001 to 2011: http://www.deltacostproject.org/sites/default/files/products/Delta%20Cost_Trends%20College%20Spending%202001-2011_071414_rev.pdf

Vox.com - Everything you need to know about Student Debt: http://www.vox.com/cards/student-debt/what-is-a-student-loan

Vox.com - Everything you need to know about college costs: http://www.vox.com/cards/college-costs/what-is-college

Is Starting College and Not Finishing That Bad? http://www.hamiltonproject.org/papers/what_happens_to_students_who_fail_to_complete_a_college_degree_is_some/

Public Colleges Revenue Shift: https://www.insidehighered.com/news/2015/04/13/report-shows-public-higher-educations-reliance-tuition\

Tuition Fees and Room and Board over time: http://trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-room-board-time

Hiring Spree Fattens College Bureaucracy: http://www.wsj.com/articles/SB10001424127887323316804578161490716042814

Problematic Boom in Higher Education Administrators: http://www.huffingtonpost.com/2014/02/06/higher-ed-administrators-growth_n_4738584.html

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