Why has college tuition gotten so expensive?

There are a lot of reasons — growing demand, rising financial aid, lower state funding, the exploding cost of administrators, bloated student amenities packages. The most expensive colleges — Columbia, Vassar, Duke — will run you well over $50K a year just for tuition.

How profitable is higher education?

Typically, tuition at for-profits is lower than at private nonprofits but about 20 percent higher than four-year public institutions and four times higher than community colleges. Ninety-five percent of for-profit revenues comes from tuition and 75 percent of that comes from federal student aid.

What does for-profit university mean?

A for-profit college is a college owned and operated by a private company or business. They are often managed by investors and stakeholders and they generate revenue that is used for non-educational purposes. For-profit institutions usually don’t receive state or federal aid.

Why are for-profit colleges growing in popularity?

The For-Profit College Comeback The Great Recession further fueled the increase in enrollment; workers seeking retraining were swayed by the convenience of online learning and the ( often misleading) marketing of some of the largest for-profit chains.

What percent of college funding comes from tuition?

Overall, net tuition revenue provided nearly half (46.4 percent) of all US educational revenue for public colleges and universities. According to the report, “For the first time, more than half of all states relied more heavily on tuition than on educational appropriations.”

Why is a college education worth it?

According to a report by The College Board, college graduates also earn roughly 73 percent more than high school graduates-and those with advanced degrees earn two to three times as much as high school graduates. On average, college graduates earn $1 million more over their lifetimes than high school graduates.