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The Hall Monitor

Keeping an eye on education

The cost of college

October
25

Surprise, surprise. The cost of college continues to climb.

The College Board this week released its “Trends in College Pricing 2007,” which found tuition and fees on average have increased:

• 6.6 percent at in-state, public four-year institutions

• 5.5 percent for out-of-state students at public four-year institutions

• 6.3 percent at private four-year nonprofit institutions

• 6.2 percent at for-profit institutions

In addition, federal loans to undergrads did not keep up with inflation in 2006-07, and borrowing from private sources increased by 12 percent in inflation-adjusted dollars. Private loans made up 24 percent of total education loans in 2006-07, up from 6 percent a decade ago.

This entry was posted on Thursday, October 25th, 2007 at 5:04 pm by Diana Costello.
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