The (Increasing) Cost of College

The price of college has increased at both private and public schools again this year. The average cost of attendance at a 4 year in-state college or university is $15,213 , an increase of 5.9%. Private colleges and universities charge an average of $35,636, an increase of 4.3% over the past year. There are now over fifty colleges with a price of over $50,000 per year. The ever-rising price tag is leading many students and families to look for alternative ways to reduce their expenses. This Washington Post article shares some interesting insights into how some families are adjusting to the budget buster called college.