Originally Posted by
Brian Kerley
Because they can.
They have an audience that is forced to buy a book. Therefore, they can charge whatever they want.
Prime example of supply/demand.
Not to mention that with student loans and such, it all gets thrown into the loan. So if a kid isn't having to bear the cost right now, it's hard for them to complain. Hell, federally backed student loans is one big contributor to why college expenses have risen so highly to begin with.
Actually, tuition has slowed in recent years. In the late 90's, I was paying $30/credit hour at the community college. In 2006, tuition had gone up to $66/credit hour. Since 2006, it has 'only' risen to $82/credit hour.
In 2010, congress cut out the middle man, private lenders, and backed student loans directly. Until 2010, the feds backed privately issued student loans via guarantee agencies. The private lenders got their money plus interest either way. Pretty sweet deal for the lender, but bad deal for tax payers.
Last edited by Greg Peterson; 09-08-2012 at 7:24 PM.
Measure twice, cut three times, start over. Repeat as necessary.