College Costs Rising
Reports show that annual student college costs increased by about 6 percent in 2006. IN the same report, College Board, a student advocacy organization found that the cost for students getting their degrees has definitely increased, partially due to the fact that students are taking more time to complete their degrees. The traditional college path generally required students to take accredited classes for about four years. Currently however, students are averaging about 6 years to graduation. This means more expenses to obtain their degrees including tuition, fees, lodging and activities. According to the report, the average price for one academic year of college can exceed $16k. High-end colleges and universities typical cost around $50k per school year.Â
Referenced Source(s): College Board
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