College Tuition on the Rise

According to the College Board*, the non-profit that administers the SAT among other tests, college tuition continued to climb in the 2011-2012 academic year:

  • Average in-state tuition and fees for four-year public colleges and universities increased 8.3% from 2010-2011 to $8,244 per year.
  • For private nonprofit colleges and universities, annual tuition rose to $28,500, up a more modest 4.5% year over year.
  • The good news is that only about 1/3 of students paid full tuition without the benefit of assistance or grant aid.
  • The average undergraduate student receives $12,455 in financial aid: $6,539 in grants, $4,907 in federal loans, and $1,009 in federal tax credits and deductions and work-study assistance.

Read the full report online:

http://trends.collegeboard.org/college_pricing

 

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