Earlier this week, the College Board released its data on the rising cost of college. The numbers were striking. In the past year alone, tuition for four-year public universities rose 8.3 percent for in-state students and 5.7 percent for out-of-state students. Some of those hikes are likely due to state budget cutbacks, but the same thing occurred with private colleges — a 4.5 percent tuition increase in the past year.
