Rising College Costs Seem to be Recession Proof

If you are a parent and have recently footed the bill to pay for your child’s college education, you must be asking yourself if it is worth it during this recession. You wonder where all the money went and why can’t the price fall, especially during this recession.

This year, the average increase in tuition and fees at private colleges increased by a lesser amount than it has done in the previous 37 years-only 4.3 percent, which is just higher than inflation.

One of the reasons that the cost of earning a college degree at a public college is rising and not falling is because higher education is often treated as if it were a political environment rather than the management of a private corporation. It is very difficult to ‘vote’ someone out of office and colleges have learned that it is not to their advantage to alienate faculty members.

Many colleges are cutting departments and merging programs together in order to save money, but for courses that require special equipment such as music that requires instruments or agriculture that requires lab costs, these things must be purchased-even during the recession, and the price tags attached are not cheap.

The question that parents face is to ask whether the price of a college education is too costly and whether or not a basic education should be the highest and the only priority.

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