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Can’t Afford College? Move to California!

posted by Mark on December 4th, 2008

The National Center for Public Policy and Higher Education‘s annual National Report Card on Higher Education came out this week, and EVERY SINGLE STATE in the US earned a resounding “F” when it came to affordability (i.e., how hard it is to pay for college, taking into account tuition, financial aid and family income). Every state, that is, except California, which earned a shining C- due to its unusually low-cost community colleges. Congratulations, you’re slightly below par!

Rise in College Tuition since 1982Particularly telling is the report’s chart (left) of college tuition growth as compared to other major expenses since 1982-84. Not only has it increased by more than four times the rate of the Consumer Price Index during that time, but its pace is more than that of food, housing and transportation COMBINED. Only health care comes relatively close to the meteoric rise in college costs, and even that is just a bit more than half the rate of tuition.

Just eight years ago, 46 states passed the affordability test, meaning that only — no wait, don’t tell me, 7 5 4 states flunked. See what education can do for you?

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This entry was posted on Thursday, December 4th, 2008 at 1:02 pm and is filed under News, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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