Why is college so expensive?

May 17, 2012

Why doesn't someone do a story on the rising costs of a college education? The starting salary in my first job has increased about six times — $675 a month to $4,200 a month — since 1969. Meanwhile, the price of gas has gone up 12 times ($.30 to $3.60).

But the price of my alma mater, Loyola University, has gone up 60 times since then — $850 to around $50,000 a year today.

I am pretty sure this increase is similar to other colleges around the country except at state-supported schools like the University of Maryland, which benefit from taxes that make up the difference.

Lyle Rescott, Marriottsville

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