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The cost of college increased by more than 25% in the last 10 years—here’s why

Abigail Hess

"In today’s competitive economy, nothing is more important than getting a college education. Yet college tuition costs in the U.S. have been increasing at a breakneck pace, making college unaffordable for millions of Americans.”

According to a report titled “Pulling Up the Higher-Ed Ladder: Myth and Reality in the Crisis of College Affordability” from public policy think tank Demos, higher education funding cuts are responsible for 79% of tuition increases.

The report estimates that just 6% of tuition increases were caused by spending on construction, and 5% were caused by increased administrative costs associated with hiring part-time and full-time staff in areas such as admissions.

Read more at CNBC