The quiet revolution in college pricing effects

Douglas Belkin wrote an article yesterday in the  Wall Street Journal based on a study from Moody’s Investors Service. The lede of the article is that “nearly half of the nation’s colleges and universities are no longer generating enough tuition revenue to keep pace with inflation”, which comes from Moody’s interest in institutional financial stability, but I think there are other lessons available. While the revolution in college pricing effects is quiet, it is profound.