It Isn’t the Cost of College That’s the Problem: It’s the Price

The roar over high college costs is based on a fundamental failure among consumers to understand the distinction between (a) the cost of educating a student, and (b) the tuition price a college charges to educate that same student. It’s true the cost of higher education has increased over time, just like everything else. And most of the institutions I know do a reasonably commendable job of managing college costs. More...