College Tuitions Jump As States Trim Budgets

Washington Post ^ | 10/22/02 | Michael A. Fletcher

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Squeezed by state budget cuts and dwindling endowments, four-year public colleges and universities raised their tuitions and fees by an average of 9.6 percent for the current school year -- the largest price hike in a decade, the College Board reported yesterday.

The tuition increases were accompanied by a 6 percent jump in room-and-board charges, raising the average annual cost of attending a four-year public university for students who live on campus to $9,663 -- $672 more than last fall.

The tuition increases at public schools outpaced those at the nation's private, four-year colleges and universities, where tuition rose 5.8 percent to an average of $18,273 this fall. Room-and-board charges at private colleges increased 4.6 percent to an average of $6,779, bringing the average total to $24,752.

Higher education officials said the price increases at four-year public colleges are a consequence of a slowing economy that has crimped tax revenue, prompting state officials to raise tuitions across the country...

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