Cost of College Tuition, Room and Board, Fees Continue to Rise

Cost of college seen climbing this year - Aug. 17, 2006

August 17, 2006--David Ellis of CNNMoney.com reported that the cost of college tuition, room and board, books and fees continues to rise. The article quotes Carl Buck, VP of College Funding for Peterson's as saying that college costs will increase at least 5%.

Last year tuition costs increased nearly 6%, bringing the average annual tuition for a private four-year college to $16,950. And that's just tuition. Fees, room and board and other costs brought that total to over $22,000.

Even students attending public state colleges in their own states paid 6.3% more for tuition last year.

While tuition increases may seem scary, always keep in mind that this is the "sticker price", not the "selling price", so financial aid will cover most of these increases. To learn more about paying for college and covering tuition increases, read the "Paying For College" section of Everybody Else's Guide To Getting Into College.