How Did College Education Become So Ridiculously Expensive?
by Bill Zimmerman
Society's demand for college education comes with an almost impossible price. As the demand for college education rose, so did the cost.
Bill Zimmerman, the author of the book The Student Loan Swindle: Why It Happened -- Who's to Blame -- How the Victims Can Be Saved, explains the situation, "As the purchasing power of working and middle class families declined, college was seen as ever more necessary in the desperate struggle for financial success. But rapidly rising tuition made college less and less affordable. Trapped between their perceived need for an education and their lack of resources with which to pay for it, many families had no choice but to seek larger and larger student loans."
Zimmerman discusses the difficulties families are faced with the worth of the US dollar changing rapidly. Because of that obstacle, the cost of everything changes as well.
Zimmerman captures the terrifying nature of the recent boost of tuition costs and explains the need for it thoroughly.
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