The yearly cost of a college education rose twice the rate of inflation and three times
the rate of increase of the average family's annual income, according to the College
Board's annual survey. The yearly cost of a private and public 4-year college is shown in
the chart below:
Source: The College Board's Trend in Student Aid Report
The reason for the rise in college costs may be explained by the increased value of
higher education. Here is the comparison:
 |
 |
| High school |
880,000 |
| Bachelor's degree |
1,400,000 |
| Master's degree |
1,600,000 |
| Ph.D. |
2,100,000 |
Source: The College Board's Trend in Student Aid Report
Click here for "College Tuition Outpaces Inflation."
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