Let’s begin with a question. Which of the following rose in cost the most over the past thirty years: housing, medical care, or higher education? The correct answer is higher education. (1) Over this period, housing went up 375%, medical care 600%, and higher education an astonishing 1,120%. (2) At the same time, financial aid provided by the federal government and institutions of higher education also shot up but so did “net cost,” that is, what students and their families must pay after grants, scholarships, and tax credits are subtracted. (3)
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