It is no wonder parents are having a tougher time these days sending their children to college. A new study by the Delta Cost Project shows college tuition at all institutions of higher learning is rising faster than income and inflation, based on data collected from 1988-2008

 

Whether it is a four-year private or public university, or even a two-year community college, the cost of attending is easily outpacing the earnings of mom and dad, not to mention students too. The gap really widened from 2003 on, resulting in tuition at public universities more than tripling in twenty years, while the median family income did not even double.

-David Wallechinsky

 

Trends in College Spending 1998-2008 (by Donna M. Desrochers, Colleen M. Lenihan and Jane V. Wellman Delta Cost Project) (pdf)

Main Reason for Dropping Out of College? Money (by Noel Brinkerhoff, AllGov)

College: Slipping Away From the Poor and Middle Class (AllGov)