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Cost of College on the Rise (Again)


The numbers are in on how much it costs to go to college this year, and (surprise) they’re up again, thanks largely to decreases in state funding and increasing enrollments. The biggest price hikes came in the public sector: An 8.7 percent increase for in-state tuition at public two-year schools, and an 8.3 percent jump in the price of four-year public institutions, for in-state students

If you remove California (which enrolls about 10 percent of the nation’s full-time public four-year college students), those numbers drop to 7.4 percent and 7 percent, respectively. That’s because California jacked its prices for public four-year colleges a whopping 21 percent this year. Hence the student protests last spring.

Here are the highlights:

There is a (very) small silver lining: the amount of available subsidies and tax credits have roughly doubled since 2007, from about $7 billion to an estimated $14.8 billion. Still, that’s not likely to change the fact that college is getting more expensive for most young Americans, just as its market value also rises, as Levitt points out. We’ve written a fair amount about the rising cost of college recently, and whether it’s worth it. We’ll let you be the judge. One thing, however, is not debatable: The price of college has steadily outpaced inflation over the last 30 years. The most recent hikes are right in line with previous increases: