Briefly: Tuition rates rise above inflation

Average tuition and fees at four-year colleges and universities rose at a slightly faster pace than the Consumer Price Index last year, according to an annual report released Wednesday by the College Board. Students received record amounts of financial aid, though average student borrowing also increased. Since this data was collected before the current economic downturn, the report’s findings of relatively stable college affordability may not hold, according to the New York Times. Education experts said large increases in tuition may be imminent as public and private colleges encounter financial difficulties, the Times article reported.

Comments