College costs continue to climb - WMC Action News 5 - Memphis, Tennessee

College costs continue to climb

(CNN) - The cost of going to college is going up.

A new report from the College Board shows tuition at the average public university jumped eight percent this year to more than $8,000.

The price tag for attending a community college is up too, jumping eight percent to about $3,000 a year for full-time tuition.

The increases are more than double the rate of inflation between 2010 and 2011.

And since many family incomes have been falling for the last several years, these higher college costs are eating up even more of their budgets.

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