For all those who believe that an abundance of overpaid, tenured professors is to blame for skyrocketing U.S. college tuition costs, check it out:
In the past decade at public two-year colleges ... published tuition and fees, excluding scholarship aid and adjusted for inflation, have increased by 44.8 percent. Faculty salaries, meanwhile, have decreased by 2.5 percent, according to the [American Association of University Professors] report.Over the past decade at public four-year colleges and universities, tuition and fees have increased by 72 percent, the association said.The cost of higher education continues to soar, rising 8.3 percent at four-year public colleges in the fall, the College Board reported.
So what is the real cause of college tuition hikes?
Tuition prices have been rising, in part, because state funding is providing a smaller proportion of revenues, and institutions have shifted more of the burden to students and their families, Curtis said. At the same time, financial aid awards have not kept pace, and have been converted primarily into loans rather than grants, thereby increasing the student debt burden.
By Susanna Kim
April 9, 2012 | ABC News
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