No Relief for College Students – Tuition Prices Continue to Rise in 2012
December 29th, 2011, Kelly Gibson
Numerous news outlets and official sources have reported that the cost of tuition for higher education increased rapidly in the latest school term; this was caused by a sudden price boost at public universities.
Record Breaking Fees and Tuition Hikes for 2012
For the last five years, prices and costs in public schools of higher education climbed to the highest rates on record. These increases are growing faster than fees and tuition at private schools however that is not to say that rates are not climbing at private institutions. Two reasons contribute to the increases; growing enrollment at public schools and budgetary issues within most states in the country.
Documenting Growing Tuition Prices in the Coming Year
Countrywide, in state cost and prices at 4-year public schools grew by almost 10% during 2010 to 2011. Private school prices rose by nearly 5% percent during the same year. Currently the medium for in-state tuition at public schools is just over $8,000 dollars while at private colleges it is nearly $30,000.
Total Cost of Higher Education
The entire expenditures for education, including housing and other cost combined grew by just over 5.5% to an estimated $17,000 and just over 4% for to colleges approaching a near $40,000. Cost and price estimates double if you are from out of the state and you wish to attend a public college.
Handling the Increasing Cost of Fees and Tuition
The increasing cost of fees and tuitions for education is proving to be difficult to manage for many students. Therefore these students are using tax credits, scholarships and grants to cope with the growing cost of a college degree.
Help With Growing Fee and Tuitions throughout the Nation
An advocacy group estimates that students have received tax credits and inferences for to the tune of near $15 billion dollars in the 2009-2010 and 2010-2011 academic years. That symbolizes a spectacular increase of well over 75% in inflation-adjusted funds from the just over $6.9 billion that learners received in funding in the 2007-2008 top schools season.
No Relief for College Students
Combine this with the federal student loans and grant assistance given to the average student that grew by 29% in inflation-adjusted funds and a very bleak picture is presented. It seems that there may be a little help on the horizon this year. All this means that students will have to dig a little deeper to realize the dream of a college education.
Posted In: Online Degree, Recession