Tempering Tuition Hikes

Jack Stripling:

Private, nonprofit colleges will hike tuition and fees by an average of 4.5 percent in the coming academic year, outpacing inflation while still holding close to last year's nearly 40-year low increase rate, according to a survey released Tuesday by the National Association of Independent Colleges and Universities.

The 4.5 percent increase for 2010-11 follows a 4.3 percent increase for 2009-10, which was the smallest increase since 1972-73.

"I think it's a pretty fundamental adjustment that we're seeing here," said David L. Warren, NAICU president. "What we've got is a recession, which has indefinite future to it, and recognition all around that colleges want to hold their expenses as low as they can, and that includes of course the tuition they're charging."

Posted by Jim Zellmer at July 1, 2010 2:40 AM
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