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Cost of State and For-Profit Colleges Rises DramaticallyJun 14, 2012
Associated Press – Between 2008 and 2010, tuition at state colleges jumped an average of 15%, though that number is dwarfed by 40% increases in Arizona, California and Georgia. The primary reason given for the huge tuition hikes at public universities is dwindling state support for higher education. The US Department of Education also says that tuition at for-profit colleges saw huge gains and in some cases, net tuition at for-profit schools is twice that of Harvard. Penn State University has the highest tuition of any state school, with the fourth highest total cost after room and board, books, fees and other expenses are factored in. Average student loan debt has increased approximately 6% in that same two-year period. For more, read Average Price of 4-Year University Up 15%.
RSC reminds students that for-profit colleges are rarely a good investment, and attendance at state schools needs to be weighed carefully. Private colleges can be very expensive, but with financial aid, are often the most affordable option. For more ways to cut your college expenses, sign up for one of free financial aid web events. College can be affordable with the right college prep!