Rising Faster Than Medical Costs

That's college costs. In the past 25 years medical costs have increased 251%, college costs have increased 439%. median family income has increased 140%. Were college costs that far out of whack in the early 1980s? I don't think so. On the other hand how many college presidents were making $500,000 a year? Not many. Now, however, over a third of public college presidents do. And we recently learned that the president of Suffolk, a local college, made $2,800,000 last year. Of course, most college football coaches are the highest paid employees.

Costs have not increased because colleges are giving more money to less wealthy students. If your family's income is $100,000 or more, you're likely to get $6,200 in grants and aid. If your family's income is less than $20,000, you get $4,700.

The world continues to change.