<p>"Lastly, tuition, and many other fees that students pay, is indexed to rise with the rate of inflation (roughly 5% per year), so it’s very unlikely that we’ll see a “real” tuition increase- that is, one that’s higher than normal. "</p>
<p>The rate of inflation isn’t anywhere near 5% per year. Over the last 5 years, inflation has averaged about 3.18% per year, but UChicago has increased costs 5.1% per year. That is a substantial difference, especially year over year. U of C isn’t alone in this regard. [FinAid</a> | Saving for College | Tuition Inflation](<a href=“http://www.finaid.org/savings/tuition-inflation.phtml]FinAid”>http://www.finaid.org/savings/tuition-inflation.phtml)</p>
<p>The idea that the increase in college costs is inflation driven, although prevalent, is a total fallacy.</p>