There was an interesting article recently in Bloomberg entitled: College tuition in the U.S. rises faster than inflation, again. In the article, Bloomberg reports results from a recent study conducted by the College Board. The study shows the continuation of a trend we have seen for decades. This year, inflation (measured by the personal consumption expenditures index) was 1.4%, while college tuition and fees rose at a rate above that. For private nonprofit colleges the average increase was 3.7% and for in-state residents at four-year public schools, costs rose 2.9%.
According to the article, "the good news is that increases this year are smaller than the average for the past five-, 10- and 30-year periods, and more public school students saw no increase at all." However, student loan debt is rising and most Americans' real incomes haven't grown in over 10 years.
