The Cost of Knowledge - Is it for Sale?

As the cost of college education continues to rise along with the unemployment rates, what impact will this have on tuition rates? Adding a third variable of increasingly stringent banking guidelines on borrowing, the future could be in line with lower tuition. Assuming that college tuition is affected by the same economic equation that most goods and services are – supply vs. demand, future tuition costs should come down.

One variable not yet considered is, will colleges and universities lower their academic standards to increase supply so tuition costs can stay in line with current trends? Should colleges and universities be permitted to do so? Should the credibility of these schools be for sale? In today’s economic climate, we shall soon find out.