Time: College Board Says Tuition Rose Faster Than Inflation Again This Year

November 4, 2015

College got more expensive again this fall, the College Board reported today. Published tuition and fees rose about 3% from last year even though the government reports there has been basically no inflation in the rest of the economy over the past 12 months.

Worse, because financial aid has not been keeping pace with tuition hikes, the average net price families paid for college–in other words, their bills after grants, scholarships, and tax credits were subtracted out–rose even more, the College Board estimated.

“College became less affordable for many people” this year, said Sandy Baum, the lead author of the College Board’s annual analyses of tuition and financial aid.