Is there any way for students to opt out of the luxury price tag education? For example, are there any schools that are advertising a more pared-down or more austere education option for a lower price point? Or is that just not proven to be marketable in today's social environment? There are schools that are doing a lot in terms of how they innovate in pricing.
The cost of college has ballooned over the past few decades, far outpacing inflation. In August the Biden administration announced plans to cancel student debt for more than 20 million Americans, a move many economists say will cost taxpayers more than 400 billion dollars and only compounds the problem of soaring college costs. In this episode we’ll explore how tuition prices became so outrageously high, and what some colleges are doing to reverse the trend