Document Number: 7884Tuition Continues to Rise, But Patterns Vary by Institution Type, Enrollment, and Educational Expenditures - Ninety percent of the fastest-growing jobs in the knowledge economy require some postsecondary education. College graduates can expect to earn, on average, approximately $1 million more over the course of his or her working life than those with a high school diploma. Most students and their families can expect to pay more on average for college than they did just a year ago. The topic of college affordability continues to be an issue of great concern. In summary, this report found that more students are enrolling in college than ever before and an increasingly larger percentage of all students are minorities; the distribution of enrollment has shifted for some minority groups to two-year institutions; the smallest tuition increases occurred at the types of institutions that enroll the largest proportion of students—two-year public schools; increases in average tuition were matched or exceeded by increases in average institutional spending on education at private institutions but not at public institutions. (U.S. Government Accountability Office, November 2007)...
Related IssuesPostsecondary Affordability