122. Interview with Dr. Aileen Parks: Part 4

16 July 2011

– That’s understandable. It is a bit confusing.

– To put it in perspective, tuition rate increases at U.S. colleges have, percentage wise, rivaled health care inflation for years now.

– And, as you probably know if you’ve been paying attention to your insurance premiums, the health care industry is widely considered to be one of the most money-hoarding in the country, so it’s a pretty hefty feat to nearly match up with them.

– In the early ‘90’s, a year at a private university would’ve cost you an average of around $10,000. Public universities, an average of $2,000 a year.

– At the beginning of the 2000’s decade, the average public college tuition had risen by 85% to almost $4,000 a year. Private college nearly doubled as well, to just under $20,000 a year. Current tuition rates are rising at a rate of about 6.5% a year. Health care rises at a little over 8.

– Compare that to a 3.5% average yearly increase in base family income across the country, and you can see where the problem lies.

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