Auchtoon!The Next Bubble to Burst?…
Originally published in the Ann Arbor News, Bay City Times, Flint Journal, Grand Rapids Press, Jackson Citizen Patriot, Kalamazoo Gazette, Muskegon Chronicle, Saginaw News
August 25, 2013
Are you in college, planning to go to college, have kids in college, planning to have kids in college, or ever felt uneasy about paying a great deal of money for something? Then this cartoon needs no explanation. But if you need a hint:
The average tuition cost at a four-year public college has increased by more than 250% over the past three decades, according to the White House. Meanwhile, incomes for typical families grew by 16%.
Kris said,
August 27, 2013 @ 10:38 am
Amen brother Ben! Colleges are also ratcheting back on need blind admissions because their endowments took a hit and they know that’s not sustainable. Scary stuff.
John Auchter said,
August 28, 2013 @ 6:55 am
Yep, Kris. Scary is a good word. Because the price to pay could very well be worth it. Or a huge millstone of a debt burden. You just don’t know till later.