College tuition rising faster than family income

College

(KRON)—College tuition is rising faster than inflation and family income, according to a new report from the College Board.

The average cost of tuition, fees, and room and board rose 10-percent over the past five years at public schools and 12 percent at private schools.

Family income rose just 7 percent over that time.

Analysts say costs are going up at public universities because they lost a lot of funding during the recession and are still recovering.

The average tuition to go to an in-state public university is now just over $14,000 a year while the average for private schools is just over $26,000.

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