WHY COLLEGES COST TOO MUCH

A FATHER OF THREE DAUGHTERS, SAVING FOR THEIR EDUCATION, RETURNS TO HIS ALMA MATER TO FIND OUT WHY IT CHARGES SO MUCH--AND WHERE THE MONEY REALLY GOES

When I graduated from the University of Pennsylvania in 1976, the base tuition was $3,790. I paid the bill with a combination of cash from my parents, wages from my summer job as a park supervisor and from a school job cleaning pig sperm from laboratory beakers, and a bank loan guaranteed by New York State. I still managed to have a pretty good time. In addition to learning to recite Pushkin in Russian, I got to experience such wonders of campus life as seeing a friend jump up on a barroom table and pull her bra out through the sleeve...

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