well beyond inflation. At this rate we will price a college education beyond the reach of most normal Americans. Attainment of a college degree correlates with income, wealth creation, and therefore economic growth. Some suggestions are: add supply to our university systems to make them more cost competitive; add supply to funding through private student loans; encourage philanthropy that supports scholarships; and support technological advances in education that lowers cost.
This is not a complete list of issues of course. Obviously I don’t have all the solutions for the issues, and these solutions may not be the best ones or even the most palatable. But we need to get more people worried, focus more attention and concern here, and begin to address these issues. Our economic health and our future are dependent on fixing them.