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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