Stories

The skyrocketing costs of tuition and textbooks

After inflation, the cost of textbooks has almost doubled over the last 20 years, and the cost of college education has increased more than any other consumer good or service — by a long shot, according to the American Enterprise Institute. Tuition has almost tripled since 1996.

Why? Mark J. Perry from AEI suggests the growing number of college administrators being hired at higher salaries is to blame for the dramatic rise in college costs.

Image from Mark Perry's Carpe Diem and AEI