College Tuition Should Be Regulated

This petition is to propose to regulated the tuition of higher education. Tuition at Stanford University in 1980-81 was $6,285. Thirty years later, Stanford’s tuition had risen to $38,700. Tuition in 2011-12 is $40,050. If the cost of milk had grown at the same rate, a gallon of milk would now cost approximately $15. If universities raise tuition more than the Consumer Price Index, they should be required by Congress to take money from their endowments to fully fund grants for the corresponding increase in need for students on financial aid. The 20 wealthiest universities alone are sitting on endowment funds worth $200 billion. Three-hundred and sixty-seven colleges and universities control tax-exempt endowments worth over $100 million. This is where government needs to firmly step in.