Why is college so expensive? From $3,400 in 1980 to $23,000 today, the average cost of a year of college has increased much faster than the average American’s income.
The reason? Government-funded student loans drive up demand, which incentivizes colleges and universities to charge much more than they would if the average American had to pay for it out of his own pocket.
Watch the video that follows on business and economics here and learn how yet another well-intentioned government program actually hurts the people it is supposed to help.
