The real reason college is so expensive

May 5, 2015 | | Fusion |

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“[P]ublic higher education in this country no longer exists,” writes Hiltonsmith. “Because more than half of core educational expenses at ‘public’ 4-year universities are now funded through tuition, a private source of capital, they have effectively become subsidized private institutions.”

While higher education spending used to fluctuate with the economy and tanked during the recession, it has not rebounded as the economy regains strength.

Demos argues that college is a necessity and should receive enough government support that middle- and working-class students can earn a degree “without mortgaging their future.”