Pressure to Rein In Tuition Squeezes Colleges

Michael Corkery:

Private colleges are facing pressure to slow tuition hikes and boost aid, as families question the cost.

College officials say the long-held faith among many Americans that college is worth whatever it costs is starting to waver under the weight of lackluster job prospects, stagnant wages and a pileup of student debt.

The shift is already threatening to put stress on some schools' finances. Average tuition this past year rose by the smallest percentage in at least 40 years among the 960 private schools that belong to the National Association of Independent Colleges and Universities, which collectively enroll 90% of the students in private colleges. It climbed 3.9% to $29,305.

Posted by Jim Zellmer at January 8, 2013 2:19 AM
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