ADVERTISEMENT

ADVERTISEMENT

Reader's View: The cost of a college degree is the real crisis

The Bureau of Labor Statics states that from 1980 to 2020, college tuition increased 1,184% while inflation increased 228%.

Reader's View.jpg

Much has been said about the crisis of college debt and what to do about it. I agree it can be crippling. According to “Urban Wire: Education and Training’s Survey of Consumer Finances,” the average student debt for a household earning $27,000 to $52,00 is $34,000. This is clearly a problem.

I maintain the real crisis is the rising cost of a college degree.

The Bureau of Labor Statics states that from 1980 to 2020, college tuition increased 1,184% while inflation increased 228%. It may come as a surprise to some that during the same time period, the increase in health care costs was less than half the increase in tuition.

The University of Minnesota’s “Biennial Budget Base” shows that taxpayers currently pay, in federal and state taxes, 33% of the current University of Minnesota budget. Tuition accounts for 26%. Asking taxpayers to pick up another $10,000 of every student’s debt would do nothing to reign in the ever-rising cost of a college education. Conversely, it would serve as a disincentive for colleges and universities to get their budgets back in line with the real world.

Mike Koranda

ADVERTISEMENT

Duluth


Readers' View and Local Views

Letters are limited to 300 words, must be the original work of the author and must be exclusive to the News Tribune. Letters are edited for style, space, accuracy and civility.

Letter writers are limited to one published submission every 30 days.

With rare exceptions, the News Tribune does not publish poetry; letters that are anonymous, libelous or attack other writers; consumer-complaint letters; thank-you letters; or letters generated by political or special-interest campaigns.

We will consider exclusive Local View columns of 600 words or fewer. Authors should possess unique insights, and their commentaries should demonstrate greater knowledge of their subject than letters.

Email submissions to: letters@duluthnews.com

Mail to: Readers' Views, Duluth News Tribune, 424 W. First St., Duluth, MN 55802.

Fax to: 218-720-5120.

Include a full name, address and daytime phone number. Only names and hometowns will be published.


Related Topics: EDUCATION
What To Read Next
If we as a community believe all people deserve to live the lives they want, then we must also support their ability to make critical decisions about their own reproductive health.
It seems Endbridge cares more about building a pipeline than it does about the environment.
Every family and every situation is unique; no blanket exceptions can possibly account for any and all possible outcomes and scenarios that could play out.
The editorial was illustrated with a photograph of Second Creek, which has been degraded by the mining industry — without suffering stiff-enough penalties or clean-up requirements.