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Price of College Increasing at Slower Rate

 
Price of College Increasing at Slower Rate
Posted Wednesday, October 23rd 2013 @ 6am  by KFBK News - Mike Simpson

There's some good news when it comes to college tuition, although the cost of education has gone up, it's not as much as in the past.

Average costs at the nation's four-year public universities rose 2.9 percent this year, which is the smallest annual increase that's been recorded since the mid-'70s.

The College Board says students this fall are handing over about $8,900, and when you factor in grants and tax benefits, that drops to about a $3,000 net cost for the semester.

However, this doesn't mean that school is getting more affordable -- at least not for everyone.

Costs are just moderating because we've seen the amounts of those grants drop over the last two years.

And then of course there's room and board, which will tack on an estimated $9,500 to whatever you're paying in the first place.

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