... over the past 20 years. In 1994 the cost of public university per student was $8,900 for a single year of a four year course. This cost included tuition of $2,686 and the rest included food, board, transportation and books (Deloitte & Touche, 1996). The same study looked to the future and projected educational cost rising at different rates, at 4% in 2000 it should have been $11,375 (Deloitte & Touche, 1996). The frightening thing is that by the year 2015 at 10% pa increase this would amount to $66,528 (Deloitte & Touche, 1996). Considering this, one must remember that these are not adjusted figures, and in real terms the increases may not be as large as they appear, as inflation also causes other goods as well as income to also increase. Therefore, one can see that the cost of tuition inflation is increasing at a rate far in ...

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