The cost of attending college continues to increase. The College Board reports that 2012–2013 tuition and fees have risen significantly (www.collegeboard.com). Private four-year colleges are up 4.2% (to an average of $29,056) from 2011–2012 for tuition and fees. Public four-year colleges are up 4.8% (to an average of $8,655) from last year for in-state tuition and fees. Public four-year colleges are up 4.2% (to an average of $21,706) from last year for out-of-state tuition and fees. Even public two-year schools are up 5.8% (to an average of $3,131). The report indicates that the subsidies provided to full-time undergraduates at public universities through the combination of grant aid and federal tax benefits averaged $5,750 in 2012–2013.
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