Private College Tuition Rates Are Up 3.6%

Tuition and fees at the private colleges that are members of the National Association of Independent Colleges and Universities increased by 3.6 percent for the 2013-14 academic year, according to a survey released by the association. At the same time, institutional student aid budgets at the colleges increased an average of 6.9 percent. NAICU said that this the fifth consecutive year that the average percentage increase in tuition in its survey was below the averages prior to the 2008 downturn in the economy.