College’s Outrageous Cost Is ‘Scam’ Creating ‘Slow Burning Crisis’

college graduates

At a glance

  • The exorbitant costs of attending college sets students up for failure — and higher education is often a “scam” and unnecessary in some fields, a writer and researcher on market influences and monopolies said.
  • “I think that the financial aspects of college or higher education have overwhelmed the ability to create a citizenry on a very basic level,” Matt Stoller, a research director at the American Economic Liberties Project, told Fox News. “This is kind of like a slow-burning crisis that we have to look into.”
  • The average cost of going to a private college — including tuition, fees, books and room and board — went from $2,930 per year in 1971 to $51,690 in 2021, according to data from the nonprofit group College Board. Nearly a third of parents and students believe that college is overpriced, according to a recent Sallie Mae and Ipsos study.

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