CNN Money: What college costs this year: $43,921

November 4, 2015

This year, private colleges are charging an average of $1,476 more than last year. And public schools are charging $617 more for in-state tuition, room and board, according to the annual report from The College Board released Wednesday.

The good news is that’s one of the smallest increases since the 1970s.

But the bad news is that costs are outpacing inflation and rising faster than family income across the board.

While middle class families saw their median income shrink by 2% over the past decade, the average sticker price at a private institution jumped 25%.

This is one reason why there is so much concern about college affordability now, said Sandy Baum, a professor of education policy at George Washington University and co-author of the report.