According to the NYT, soon nobody in America except the very rich will be able to afford to go to college.
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.
"If we go on this way for another 25 years, we won’t have an affordable system of higher education," said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education.
Excellent. No more grading!
Anyhow. Our society has interesting notions of what is and what is not "affordable." Higher education: unaffordable! But I bet when the student loan industry tanks like the mortgage industry, we'll find the money for the multibillion dollar no-strings attached bailout package, no problem.