College Tuition Has Fallen Significantly at Many Schools

The cost of college keeps spiraling ever higher, right?  Not necessarily. New research indicates students are paying significantly less to attend public universities than they were a decade ago. And tuition increases at private colleges have finally slowed after years of hefty rises. Figures compiled by the nonprofit College Board indicate the average student attending an in-state public university this year faces a tuition bill of $11,610, which is down 4% from a decade earlier when taking inflation into account. But the real savings come in what the average student actually pays after getting grants and financial aid. That’s down 40% over the decade, from $4,140 to $2,480 annually, according to the data.