Saturday, July 7, 2012

Inflationary College Costs




Many costs are rising faster than inflation. Such as going to college.

One reason is that the government subsidizes this effort with tax breaks. Schools are, therefore, not under pressure to reduce their charges. They do give scholarships, but charges tend to rise far too much beyond normal inflation.

Schools claim their own expenses are rising but they may not be exerting enough effort to exert budgetary controls, with government subsidies and income tax accommodations assured. (See the Earl J Weinreb NewsHole® comments.)


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