Public college tuition spiked 8.3% last year

Source: money.cnn.com Posted By: Mary P...4071 days ago

Average tuition costs - the amount students paid in tuition and fees after state and institutional aid was taken into account -- rose by 8.3% to an average of $5,189 in the 2011-12 school year, the State Higher Education Executive Officers Association reported. In the previous academic year, students paid an average of $4,793.

At the same time, state and local funding for operating expenses, research and student aid fell by 9% to $5,896, the lowest level in 25 years, said association president....

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