A College Student Wishes to Compare Tuition Fee Increases During

question 156

Short Answer

A college student wishes to compare tuition fee increases during the period 2003 to 2015to the general increase in the cost of living. Tuition increased from $345 per course in the 2003/2004 academic year to $515 per course in the 2015/2016 academic year. The CPI rose from 95.4 at the end in 2003 to 121.7 at the end of 2015. What would tuition fee per course have been in the 2015/16 year if tuition increases had merely kept pace with inflation during the 12 years?

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Definitions:

Increased Risk

The likelihood of experiencing negative outcomes or harm being higher than normal.

Culture-bound Disorder

A category of mental disorders that are recognized to be a specific or unique to a particular culture.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to a refusal to eat and severe weight loss.

Bipolar Disorder

It's a health condition impacting the psyche, manifesting through acute swings in emotion from euphoria (mania or hypomania) to deep sorrow (depression).