College Prices are Soaring

It’s no secret that college is pricey these days. Yet, some people do not truly comprehend how much it has increased. The causes are pretty apparent. The most elegant way to put it, According to Forbes.com is,

“If you artificially inflate demand for something and don't let supply adjust, prices will go up.”

To put it in non-economical lingo, if everyone wants more of something and you don’t create more, the cost of what already exists will go up drastically as there is less to go around for an increasing amount of people.

Data from the college board shows the trend over the course of 35-36 years.

Feel free to leave a comment!

Sources:

Gobry, Pascal-Emmanuel. "The Reason Why College Is So Expensive Is Actually Dead Obvious." Forbes. Forbes Magazine, 07 Aug. 2013. Web. 25 July 2017.

"Tuition and Fees and Room and Board over Time, 1976-77 to 2016-17, Selected Years." Tuition and Fees and Room and Board over Time, 1976-77 to 2016-17, Selected Years - Trends in Higher Education - The College Board. N.p., n.d. Web. 25 July 2017.

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