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College Tuition Rises but Less Than Normal

Under30Finance | October 9, 2012 | 0 Comments

According to CNN Money private college tuition increased by 3.9% for the 2012 – 2013 year. It’s no surprise that costs are still rising but maybe the silver lining is that it is the smallest increase in the history of the data.

“This is also the fourth year in a row that the average tuition hike has been below pre-recession levels. Increases ran at an average 5.7% per year for the ten years prior to the 2009-10 academic year, but rates have remained in the mid-4% range since.”

This only adds to the continued debate about the cost of college and the benefit it delivers. However, it is clear that if you attend the right schools or enter specific programs your lifetime earnings will be significantly higher.

“ Graduates from Princeton University, for example, earn average mid-career salaries of $137,000, according to a recent report from PayScale.com. And if you get your degree in a field like petroleum engineering, you could end up with a salary of $163,000.”