More 'Tuition Shock'

January 2003
Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p27
Academic Journal
This article reports on the tuition fee increase for the 2002-2003 school year in the U.S., according to the figures released by the College Board. Tuition and fees rose seven times the rate of inflation and were the biggest increases in 25 years. It jumped a whopping 9.6 percent at four-year public institutions versus 7.7 percent the previous year. At two-year public schools, tuition and fees rose 7.9 percent compared with a 5.8 percent rise in 2001. Tuition and fees increased an average 5.8 percent at four-year private institutions versus 5.5 percent in 2001. Several states announced double-digit increases in tuition, and one public university in Illinois hiked tuition and fees 30 percent.


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