As the parent of two kids under five, I almost spit out my coffee when I saw this graph in the Economist last week:
(click to enlarge)
Median household income has grown by a factor of 6.5 in the past 40 years, but the cost of attending a state college has increased by a factor of 15 for in-state students and 24 for out-of-state students. The cost of attending a private college has increased by a factor of more than 13 (a year in the Ivy League will set you back $38,000, excluding bed and board).
Is virtual learning the designed solution to this situation?
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