The price of a college education rose substantially last year, despite a 2.1 percent decline in the Consumer Price Index from July 2008 to July 2009.
Hit hard by state budget cuts, four-year public colleges raised tuition and fees by an average of 6.5 percent last year. Prices at private colleges rose 4.4 percent, according to a report issued Tuesday by the College Board.
Patrick Callan, president of the National Center for Public Policy and Higher Education, called the increases hugely disappointing.
Given the financial hardship of the country, it's simply astonishing that colleges and universities would have this kind of increases, Mr. Callan said. It tells you that higher education is still a seller's market. The level of debt we're asking people to undertake is unsustainable.?? Read more…
Author: Edu411.org Admin
Publish date: October 18, 2009