It’s more expensive now than ever before to send your son or daughter to college. So in order to stay attractive, some universities are beginning to offer tuition discounts. But providing more financial aid to incoming students doesn’t hide the fact that college costs are still very high.
Out-of-state full-time students who attended public four-year colleges felt it in their wallets. On average they paid almost $22,000 in tuition and fees this school year. In-state undergrads did a little better. They shelled out just over $8,600.
According to the College Board, in-state students faced an average tuition increase of $400 from last year. On top of that, room and board charges jumped by $325.
But, a recent National Association of College and University Business Officers survey found that last fall many colleges offered an average of 45% off tuition for incoming freshman. That’s more thanRead More »from Just Explain It: Why Does A College Education Cost So Much?