Paul Kedrosky On Cheap Credit & Higher Education Tuition

For those of you in school or family members pursuing a higher education I recommend Paul Kedrosky’s comments and graph (below). Paul Kedrosky is one of the most consistent bloggers online and provides great content for learning about the world.

Introduction (Via Paul K)

Like most parents of young kids, I spend a good deal of time trying to convince myself that university is a waste of time. It is partly because I’ve been there and I know it is largely a waste of time, but mostly because of how absurdly expensive higher education is and how much more expensive it will be before my (young) kids go.

Part of the problem is, of course, cheap credit. The ready availability of state support, whether through state schools, bond issues, or student loan programs has made it easier for tuition costs to rise rapidly over the last twenty years, as cost ascend merrily to match governmental credit-fuelled munificence. Check the following figure from Donald Heller for some relatively recent data:

Click Here To Read Paul Kedrosky’s Summary Of Higher Education Costs & Cheap Credit