On Monday you saw an article by Thomas Anderson discussing the Student Loan debate, or more precisely, the debate about the Student Loan debate. One thing, throughout all of this that seems to be ignored is that the cost of going to college has increased dramatically. In the 11 years since I graduated college, my alma mater has almost doubled tuition (around $2,300 to now $4,300+). In that time, inflation has increased only 30%. That means that tuition in 2001 costs, adjusted for today’s inflation, would be just under $3000. That is only a $700 increase…not the $2000 increase you see above. Remember, this does not even factor in the cost of student housing or books which can fluctuate for each student but DO factor into the overall amount a student takes out for a loan.
