“It’s potentially a really far-reaching, dramatic reshuffling of higher education,” said Terry Hartle, senior vice president for government relations and public affairs at the American Council on Education.
Where Higher Education Went Wrong: Popping the College Bubble
At an annual growth rate of 7.45 percent, tuition has vastly outstripped both the consumer price index and health care inflation (see chart). The growth in home prices during the housing bubble looks like a mere bump in the road by comparison.