|courtesy of Forbes.com|
One thing that goes into the CLEWI is the cost of Harvard tuition, room, and board, which is up another 4%, to $52,652 - just like every year, a rise ahead of headline US inflation. Actually, there are very good reasons why we SHOULD expect the cost of education to rise faster than the CPI.
So is there one thing that ISN'T up? That offers the same or better value than, say, six years ago - and doesn't cost a penny extra? That's right - attending the Master's programs at Barcelona GSE. They were €12,000 in 2007-08, 2008-09, 2009-10, 2010-11, 2011-12, and in 2012-13, they will still exactly and precisely cost €12,000. Everything else costs more - coffee, electricity, subway tickets, restaurant meals. But you can get a sterling education in Europe's most glorious city by the Med for what must be one of the best prices in the world of higher education... Of course, tuition revenues don't cover all the costs of running world-class econ departments; there is a large subsidy here somewhere from the hard-pressed taxpayers in Catalunya. Buy while it lasts, I say.