To that headline, I’m tempted to add — duh!
State auditors today said most Arkansas colleges raised student costs over the last five years by amounts in excess of the 11.6 percent inflation rate from 2005 to 2010.
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Do tell. This is a national phenomenon of standing much longer than five years. In some years, costs rose when the consumer price index fell. Here’s a congressional report on the “crisis” in 2003.
In short, lots of talk about the cost of college, but not much action. We did start a lottery scholarship in Arkansas, which, only one year old, has already been reduced in value.
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