HIGHER EDUCATION BUBBLE UPDATE: Hitting the wall on tuition hikes?

In a recent College Board-commissioned opinion survey, overwhelmingly parents and students understand that college opens doors to more economic opportunities and a more successful life, but most believe the cost is out of reach or worse, have no clue how much college costs. The complexity of financial aid formulas is seen as an impenetrable code. Fewer than half (46 percent) of parents surveyed in the survey, “Cracking the Student Aid Code: Parent and Student Perspectives on Paying for College,” were confident they knew the cost to attend a public college in their home state.

That’s because the system is organized to hide the cost.