The New York Times has a story by Tamar Lewin titled “College May Become Unaffordable for Most in U.S.” (12/03/08) on the increasing cost of a college education. They suggest that if it keeps on the pace it has been on, an college degree will be out of reach of many people due to its high cost. Lewin writes:

Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.

The article is based on a report by the National Center for Public Policy and Higher Education. Their annual report in which they present these findings is available online and is titled “Measuring Up 2008” [pdf]. They also have created a site devoted to their report, including a variety of reactions and response: measuringup2008.

The article also includes a graph that demonstrates the relative costs:

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