Public College Prices Rise 8.3%

Students and Money

As student loans continue to be the number one contributor to debt in the country, the College Board announced that college prices have gone even higher. Two annual reports released Wednesday said average in-state tuition and fees at four-year public colleges rose an additional $631 this fall, or up 8.3% from a year ago. The average price for a state school is over $17,000 a year when including room and board, the College Board says. "The states cut budgets, the price goes up, and the [federal] money goes to that," Patrick Callan, president of the National Center for Public Policy and Higher Education, told The Associated Press. The report came the same day President Obama introduced a student loan plan that would help reduce student debt.

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