The fall in asset prices (such as subprime mortgage backed securities) during 2007 and 2008 caused the equivalent of a bank run on the U.S. shadow banking system, which includes investment banks and other non-depository financial entities.
The overall cost for on-campus students to attend Morehouse College in 2014-2015 was $47,300. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 4.2% each year.
Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Morehouse College to be $191,808 - assuming graduation in normal time. The estimation assumes a 2.7% annual increase over the next 4 years which has been the recent trend for this school.