Tuition and fees nationwide rose less than 5 percent for the current school year, the smallest increase in four years, according to a study released today by The College Board. Students and their families can thank a thriving economy, brimming state coffers, a vigorous stock market boosting endowments and efforts by schools to rein in costs, experts said. They also cautioned it may not last.
Times are good.
The fact that you have to borrow more than you used to, this is a problem. It's all worth it, College Board President Gaston Caperton said Monday in an interview from Washington. He said a four-year college degree doubles the earnings of a high school graduate. The price hike was much higher at a four-year private school. Similar increases were seen in the costs of living on-campus.