It isn't just college tuition that's rising crazily. There's growing evidence that the prices of many other everyday items, such as hamburgers, are rising faster on college campuses than they are in the rest of the economy.
Why? Blame organic tofu, late-night pizzas, and bigger profits that are funneled to corporations or other parts of the university, say officials who run college dining services.
The College Board reported in late October that the average public university raised its tuition by more than $470 this fall, which is 6.6 percentage points greater than inflation.
It also noted that the average price for room and board rose by more than $250 last year, at least 2 percentage points faster than the Consumer Price Index. Over the last decade, room and board charges have risen more than 24 percentage points faster than the average living costs of nonstudents.
To read the rest of the story, please go to: U.S. News & World Report.