Pennsylvania Officials Increase Tuition for Public Universities

If you’re a student at one of Pennsylvania’s 14 public universities, you might want to reevaluate those loans: tuition costs are rising three percent. That brings the annual tuition cost for in-state residents to $6,622, with rates also increasing for grad students and non-residents. The increase in cost comes additionally to the public schools’ $413 million in state aid, which covers about a quarter of the schools’ operating costs. This increase comes just a week after the Stafford Loan Rate doubled, making college more pricey over time for millions of students all over the country. Apparently, that piece of paper is just not yet expensive enough. [CBS]