Musing on the cost of college...
Brad Delong, economics professor, blogger , expert on money stuff, has a sidebar on his blog noting that he's signed up for a speaker's bureau because "the Eighteen-Year-Old is going to college next year, which means that I need to think about making more money." Which makes it a bit odd that he's got a guest post on the Berkely Blog called Is It Fair for Education to Be Cheap ? A man now on the hustings to raise money for college is well aware that "cheap" and "college" are not a likely pair. What he's referring to is the subsidized higher education one can acquire at a public university. In my state, the in-state tuition is about $22,000 a year, which makes the cost of a four-year degree close to six figures when it's all said and done. That's not "cheap" education. Or if it is, I'd like to know how a family that makes today's average income of $50K can afford to send multiple children off to school an...