Aug. 18 (Bloomberg) — The cost of higher education has jumped more than 13-fold in records dating to 1978, illustrating bloated tuition costs even as enrollment slows and graduates struggle to land jobs.
The CHART OF THE DAY shows that tuition expenses have ballooned 1,225 percent in the 36-year period, compared with a 634 percent rise in medical costs and a 279 percent increase in the consumer price index.
Recent college graduates might be questioning whether they’re getting what they paid for. Unemployment among those 25-to 34-years old rose to 6.6 percent in July, exceeding the 6.2 percent rate for all groups. The jobless rate for that age group averaged 5 percent in the four years leading up to the last recession.
In summary, the graph is trying to portray that costs have risen but not always is something being done.
link: http://www.bloomberg.com/news/articles/2014-08-18/college-tuition-costs-soar-chart-of-the-day
