HARTFORD, Conn. – College is a proverbial milestone in American culture — one that is coming with an increasingly hefty price tag.
But while tuition and fees continue to climb, economists and policy makers continue to scratch their heads, wondering how universities went from “the good old days” of $300 degrees, to requiring tens of thousands of dollars in student loan debt.
The consensus among budget-makers at the University of Connecticut is that the answer is far from simple. While tighter fiscal times may play a role, some assert that rising costs are due to changing student preferences: that is, growing demands and higher expectations.
As generations become accustomed to new technologies and luxuries, each wave of new students demands nicer living quarters, better dining halls, faster wireless Internet and more student services. As more is demanded, the costs climb higher, and the more competitive universities become with each other as they vie to attract the best and brightest students — and their tuition dollars.
See the complete story at CT News Junkie.