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Showing posts from November, 2011

College Tuition Multiplied By Infinity

It’s no big surprise that college tuition has increased over the last decade. In fact it has doubled. According to The College Board, the national average during the 2002-2003 school year was $4,081 for in-state students at a 4-year public university. Now the national average is $8,244. These increases become even more dramatic—and disheartening—when you consider that the average cost in 1972 was around $2,000. Increases that used to take 30 years have now happened within 10. Over the past few years North Carolina has provided some protection for students from tuition spikes. UNC system schools have not been allowed to raise their tuition higher than 6.5% each year…until now. This week the NC Board of Governors has lifted the cap on tuition increases. In other words, schools can raise tuition as much as they want. Already UNC-Chapel Hill is discussing the possibility of a 44% increase to be spread across a few years. Current freshmen could essentially be paying 44% more for