Discuss “Benefits of college lag behind rapidly increasing tuition costs”
In some not-so-shocking news, the College Board recently announced that the cost of tuition is on the rise. Tuition at public and private universities has risen more than double the rate of inflation. On average, tuition increased 6.6 percent to $6185 at public four-year colleges over the last year, while tuition at private colleges went up 6.3 percent to $23,712.
Although many students nationwide, at both public and private institutions, receive some sort of financial aid, there was also word that assistance will become less effective as the cost of college continues to increase. The College Board announced that the Federal Pell Grant, awarded to students in need, was unable to “keep pace with inflation” for the fourth year in a row....
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