College tuition costs rising at a higher rate

college tuition costs rising
college tuition costs rising

Budgets may be tight for most Americans, but that hasn't stopped colleges and universities from raising tuition. Public universities, which are typically perceived as a more affordable option, are really turning up the heat on students thanks to rising debts in both state and local governments.

As a result, the average tuition and fees for in-state public schools, over the past year, increased by 7.9% to $7,605, compared to an average 4.5% increase at private universities, with an average price of $27,293, according to the College Board's Trends in College Pricing 2010 report.