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Why does college cost so much?




Some students have had enough of rising fees. Eleven UCLA students sit in a circle in the intersection of Westwood and Wilshire boulevards on Nov. 9 as part of a protest of bank practices and rising fees at public universities.
Some students have had enough of rising fees. Eleven UCLA students sit in a circle in the intersection of Westwood and Wilshire boulevards on Nov. 9 as part of a protest of bank practices and rising fees at public universities.
Kevork Djansezian/Getty Images

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Many young people are saddled with enormous debts when they graduate from college. After a tuition increase announced Wednesday, incoming freshman at California State University will now pay $500 more in the fall semester for a total of more than $6,000 a year. UC students now pay more than $13,000 a year in tuition. Will rising costs of higher education prevent more people from attending college?

Guest:

David Feldman,co-author of a new book called, "Why Does College Cost So Much?"; professor of economics at the College of William and Mary in Virginia.