Revealing Sentence on Higher Ed
By Bryan Caplan
From the NYT‘s piece on the financial troubles of higher ed:
25 percent of the private colleges that Moody’s rated did not raise
tuition in fiscal 2011 at or beyond the rate of inflation; 21 percent of
rated public universities did not do so.
In short, 75% of private colleges and 79% of public universities raising tuition by more than inflation is considered a tough year! How many other industries would see this situation as problematic?