Tuition Rises at More Than Twice the Rate of Inflation

Raising tuition may be necessary to support various university expenses; however, the College Board has reported that tuition at private universities has risen at more than double the rate of inflation in the United States.

On average, tuition at private colleges, not including room and board, increased 6.3 percent to $23,712 and rose by 6.6 percent to $6,185 at public institutions from 2006 to 2007. Room and board at private institutions increased by five percent to $8,595 and by 5.3 percent to $7,404 at public institutions, according to the 2007 College Board report, “Trends in College Pricing.”