Going to Public University Is Still Getting More Expensive—But Not as Fast

Tuition and fees rose less than 3 percent this year.

The New York Times reports: “Tuition and fees at public universities increased less than 3 percent this academic year, the smallest rise in three decades, according to the annual College Board reports on trends in pricing and aid.”

That’s the good news. The bad news? Those increases still outpace the growth in grants and financial aid—meaning the amount that families actually pay to enroll a college student took a heftier-an, expected bit of the wallet.  The Times notes: “About 60 percent of students who earned bachelor’s degrees in 2011-12 graduated with debt, averaging $26,500.”