Re n the News: College Tuition Up Again College gets more expensive-again. Tuiti

Question

Re n the News: College Tuition Up Again College gets more expensive-again. Tuition at public four year colleges rose 2.9 percent this year, to an average of $8,893 per year Out-of-state students pay an average of $22,203 to attend Private fouryear colleges also saw tuition increases of 2.9 percent -to an average of $30,094 These tuition hikes come on the heels of a 4.5 percent jump in 2012-13 and 8.5 percent in 2011-12 Tuition have been outpacing general inflation rates for many years prices Source: The College Board If tuition for private four-year colleges was $10,674 in 2010-2011, how much was it in Instructions: Enter your responses rounded to two decimal places (a) 2011-12? (b) 2012-13? (c) 2013-14?

Explanation / Answer

(a) 2011-12 : 10,674 + ( 10,674 x 2.9%) = 10,984

(b) 2012-13 : 10,984 + (10,984 x 2.9%) = 11,303

(c) 2013-14 : 11,303 + ( 11,303 x 2.9%) = 11,631

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