Tuition continues to rise faster than CPI

Inflation Watch readers who worry about deflation will be reassured to learn that the cost of a college education continues to rise rapidly:

• California State University trustees raise tuition by 5%.
• Oklahoma State to raise tuition by 4%.
• University of South Carolina to raise tuition by 6.9%.
• University of Alabama at Huntsville to raise tuition by 15%.
• Temple University to raise tuition by 5.9%.
• University of Wisconsin to raise tuition by 5.5%.
• 8.5% tuition rise at University of Tennessee at Knoxville likely.

Glenn Reynolds writes: “With only a few exceptions (like being admitted to Yale Law School or CalTech) I strongly recommend avoiding student loans. And I wonder — when you’ve got an industry whose prices have skyrocketed on a combination of consumer ignorance and cheap credit, what happens when consumers wise up, and credit gets harder to come by?”