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When I went to University (1976-1980), tuition was $2,500 per year. Starting salaries for BAs were about $13,000-$15,000. For those with an engineering degree, the salaries were about $15,000-$18,000. (130%-180% of four years of study) Today, tuition is about $30,000-$40,000 per year. Starting salaries aren't that much higher than a single year's tuition.

Leave it to the engineer to be the real accountant. The system was gamed! When politicians promised low cost education via financial aid and subsidies, the adminstrators drooled and then...wait for it...raised tuition costs steeply rather then maintain reasonable adjustments. Ta-da! It was essentially a money laudering scheme. When you hear Obama and his ilk talk about helping/improving schools, that is code words for "keep the system going".

Govmint gives more money to student. School raises prices and takes the money. And don't get me started on immunity, ah, I mean tenure.