It's no secret that the rising cost of education has been slowly exceeding the grasp of many Americans, but the biennial report from the National Center for Public Policy and Higher Education reports that the figures now put it out of the reach of the majority of US families. Over all, college tuition and fees rose 439 percent from 1982 to 2007 (adjusted for inflation) while median family income only rose 147 percent. The financial aid picture isn't any rosier: student borrowing has more than doubled and the lower-income families are getting smaller grants.
Check out the entire article at:
http://www.nytimes.com/2008/12/03/education/03college.html?_r=1&ref=education
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