Tuition, board pass $50,000 at 123 U.S. colleges

The Chicago Tribune reports:

The number of colleges and universities with tuition and fees totaling more than $50,000 for a single year rose to 123 for the 2011-2012 year -- up from 100 institutions in the previous year. Meanwhile, the national average wage for American workers stands at a little less than $42,000 a year, according to the Social Security Administration.

In the 2009-2010 academic year, only 58 schools charged more than $50,000 a year, according to College Board data analyzed by the Chronicle of Higher Education. And the year before that, only five colleges dared to put such a high price on their institutions.

The tenured socialists really are greedy.