Top 10 Most Expensive States for College
After decades of relentless increases, tuition and fee prices at public institutions finally appear to be taking a much-needed breather. New research shows that the cost of obtaining a degree could receive a more modest inflation rate, but there are plenty of schools across the nation with high price tags.
According to the College Board, in-state tuition and fees increased an average of 2.9 percent to $8,893 for the 2013-2014 school year, representing the smallest percentage increase in over 30 years. That followed increases of 4.5 percent in 2012-2013 and 8.5 percent in 2011-2012. Meanwhile, only 12 percent of full-time students in the public four-year sector attend institutions that did not increase their published tuition prices at all for 2013-2014. One-third of full-time students end up paying the full published tuition price without any grant assistance.
Although the college inflation rate is slowing, college is still an expensive endeavor. The average income for families has declined over the past decade when adjusted for changes in the consumer price index. Declines ranged from 13 percent for the bottom quintile to less than 0.5 percent for the top quintile.
Here’s a look at the most expensive states for college, based on in-state tuition and fees.