How Did College Become So Ridiculously Expensive?
by Bill Zimmerman
(excerpt from his book The Student Loan Swindle: Why It Happened - Who's to Blame - How the Victims Can Be Saved)
Before the 1990s, student debt was practically non-existent. College was affordable to the working class without having any leftover funds due. According to Zimmerman, "...the University of Chicago, one of the most expensive institutions in the country. Tuition was $870 per year when I enrolled in 1958 (just under $7,000 in 2013 dollars)." To help with the cost of tuition, student were able to get part-time jobs and that, alone, funded their living expenses as well. The rising demand of students within a 20-year span caused an increase in university sizes. Because of that, the states no longer wanted to help pay for the cost of the universities, so students had to take on most of the costs, which were added to the tuition.
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