College Tuition Bubble (one more thing about that)

I ran across a bunch of articles this week wondering about the college tuition bubble.
Here's one in The American.

Thinking about this last year, I reviewed some numbers for schools in California. While I don't have them handy, one set of numbers jumped off the page.

I wanted to share that two factors are at play, not just one:

Tuition has gone up....and....
Need-based aid has gone way up, too.

The system has grown tuition with the incomes of the very rich, and a much larger fraction of students are given aid to help pay for school.

This scheme allows the schools to enact variable pricing, which allows them to charge extra money from the rich parents, while extracting a lesser amount from the usual student.

But those curves are really scary, I agree.