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Boating All Out

In article ,
says...

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Look at professor salaries, admin salaries, and book costs.
Just another example of wealth redistribution and income disparity.
This all started in the late '70's with the decline in U.S.
manufacturing.
From the '80's until now the worship of wealth has only increased.
And the propaganda used to lure kids into college has likewise
increased. How many times do you hear the old "lifetime earnings"
statistic used to convince kids they need college.
Those "lifetime earnings" stats don't account for kids who paid up for
college but didn't succeed. They end up dropping out before they
finish, or finish and end up working at Starbucks.
You're old enough to remember when the difference in "professional"
and "non-professional" salaries weren't extreme.
That's the problem. Income disparity. I don't have a solution.
Not my problem.