Umm… If the Higher Education Price Index is indexed to the price paid for higher education, then prices for higher education that are deflated by this index should not change, no?
The general inflation index includes a basket of many things, of which higher ed is one small part. The higher ed index includes just higher ed. Once you correct the latter for the former, you get an accurate picture of higher ed costs relative to prices in general across the whole economy.
The higher ed index adjusts for costs across the higher ed complex. The higher ed revenues are then compared to those costs.
Any trick to catch money in US is the real local religion, whoever is made poor ! Education is the basis of a country’s future and those money-sharks do not hesitate to grad money even if some exceptional young brains (often from poor families) are eliminated…!
To be blamed.
The internal workings of our prominent private colleges are run by and for the benefit of the faculty and a small number of administrators. With almost 50% of the tuition now coming from scholarships to recipients determined by the administration and faculty they now also determine the student body. These guys run everything.
If we could get the government out of the business, prices would go down because the colleges and universities could eliminate a lot of staff jobs essential to ensure compliance and reporting to the USA government.
The discount rate speaks to a factor that very few people who notice the rate ever bother to mention, which is that it’s simply another way that the Left redistributes wealth. If a college needs 15k per student in tuition, it will charge some 30K and others nothing… essentially forcing students from rich families pay the tuition for students from poor families.