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College: Still Expensive
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Tuesday, October 24, 2006
5:27:00 PM EDT
Hearing Locked Out -- Crowded House
The good news: College costs went up less this year than they have other years. The bad news: They still went up:
Tuition and fees at four-year public colleges rose $344, or 6.3 percent, to an average of $5,836 for the 2006-07 academic year, according to the College Board’s annual “Trends in College Pricing” report, released Tuesday.
Accounting for inflation, prices rose just 2.4 percent — the lowest rise in six years, and the third straight time the gap between prices and overall inflation has narrowed.
Tuition and fees at private four-year colleges rose 5.9 percent overall, to $22,218.
My daughter has informed me that she wants to attend my alma mater, the University of Chicago, which at the moment costs an estimated $48,205 a year, when room and board and tuition and everything else is rolled in. So in 10 more years it's likely to be north of $60k a year. I better get rich before now and then.
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5:27:00 PM EDT
Hearing Locked Out -- Crowded House
College: Still Expensive
The good news: College costs went up less this year than they have other years. The bad news: They still went up:
Tuition and fees at four-year public colleges rose $344, or 6.3 percent, to an average of $5,836 for the 2006-07 academic year, according to the College Board’s annual “Trends in College Pricing” report, released Tuesday.
Accounting for inflation, prices rose just 2.4 percent — the lowest rise in six years, and the third straight time the gap between prices and overall inflation has narrowed.
Tuition and fees at private four-year colleges rose 5.9 percent overall, to $22,218.
My daughter has informed me that she wants to attend my alma mater, the University of Chicago, which at the moment costs an estimated $48,205 a year, when room and board and tuition and everything else is rolled in. So in 10 more years it's likely to be north of $60k a year. I better get rich before now and then.
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This entry has 3 comments: (Add your own)
-
Yes i noticed the fees went up. i still qualified for a fee waiver, but barely! Still had to buy really expensive books.. Come visit my journal at
http://journals.aol.com/cgferrer71/christineg34/
Christine -
I was watching a TV show about cosmetic surgeons here in So. Calif. One of the Dr.'s, a woman, is married to another Dr. They just had a baby boy. On the show, they went to a financial advisor to set up a college fund. The advisor estimated that by the time their baby went to Med school - if that is his choice - it would be around $1,000,000 for his complete education. One Million Dollars as Dr. Evil would say. YIKES...
Kathy
10/26/06 8:09 PM
I talked to Smurfette and we think you might want to look into AAA funds that are only eligible for college.Athena might thank you later for it!
hugs,natalie