Will college costs keep growing faster than inflation in the U.S.?
December 17, 2013 6:47 AM Subscribe
I'm trying to do some long-term financial planning for my family. I need to decide how much to put in college savings plans. From what I read, College tuition in the U.S. has been increasing faster than inflation for at least the last 30 years. Does anyone have a sense of what's going on inside educational institutions and in State legislatures? Do you have any information suggesting that some efforts are being made to reduce costs or at least limit increases? I've looked at some projections of what tuition, fees, and room and board might be in 10-16 years and I don't see how I will ever be able to send my kids to college if we see the 4-5% annual increases that have been common over the last decades.