Here's some good news for parents who have just sent children off to college: According to the College Board, the rate of increase for college tuition has finally started slowing down. It hasn't started decreasing, but at least it's growing at the smallest rate since 1975-76.
For private universities, tuition and fees rose by just 3.8 percent this year. That's an overall increase of just $700, up to an average of $23,290 for tuition, room and board, after adjusting for dropping government aid.
The news at public colleges was even better: There, tuition and fees increased by 2.9 percent for in-state students. The increase was just an average of $220, and has now reached an average of $12,620 for tuition, room and board.
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