The runaway cost of college hurts Americans more than the China trade war, says BrettArends.
If college professors are genuinely worried about the costs of President Donald Trump’s tariffs, here’s an idea. Why don’t they help out by... er... cutting the cost of college?
The calculations are based on research from economists at top schools such as Columbia, Princeton, UCLA and Yale. These are institutions that now charge kids as much as $200,000 for a liberal arts degree.Private colleges: Try 4.6%. Consider: Apple’s AAPL, -0.38% iPhone X was $999 when it was launched 2017. You can get it today, new, for $699. During the same period, says the College Board, private colleges have jacked up the cost of a degree by another $9,300. But heavens, yes, let’s worry about the crushing burden of rising iPhone prices. How will kids ever be able to afford their professors’ compulsory textbooks?
At this point it seems almost gratuitous to add that these estimates about the tariffs’ “costs” from the Department of Wild Guesses and Economic Astrology anyway. They rely on a tottering mountain of questionable assumptions, piled one on top of another.
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