Public College Costs Up 6.4% This Year
Sunday November 2, 2008
The current financial crisis has many enrolled and prospective college students worried about paying the bills. A recent report from the College Board shows that average tuition in 2008-09 went up only slightly more than the 5.6% increase in the Consumer Price Index. Specifically, public college costs for in-state students were up 6.4%, out-of-state public college costs were up 5.2%, and private 4-year costs were up 5.9%. While these increases are roughly in line with inflation, they won't be greeted with smiles by the families who have seen their homes and assets lose significant value in recent months.
The news may get worse in the 2009-10 academic year. A recent article in the New York Times states that tuition is likely to go up more next year as colleges adjust for losses incurred because of the economic downturn.
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Comments
I have been reading alomost every article from Mr. Grove and feeling to leave a comment there but I never had much time. This time, I became aware of the increments in the tuition fees as the harsh economic downturn is prevalent. This is really going to affect students like me who is planning to pursue studies in the US. Efforts should me made to make education free from economic ups and downs.
It is unfortunate that college costs are constantly increasing, making it, a lot of times, the top factor in deciding which school to attend. There are a number of places, however, that students can find private scholarships that can help them through the process. If you look at http://www.morethangrades.com, for example, there are scholarships available to all with a very easy, convenient application process.