This year saw many increases in tuition prices, some even drawing protests and near riots. There are many reasons for these increases, but it is mostly blamed on reduced state appropriations, higher health care costs, and increased utility costs.
The demand for college increases during a recession as those who can’t find work go back to school. Easy access to student aid further increases the demand for higher education, and the price sure shows it.
You will notice all the schools on this list are private. Public schools are more affordable but it should be noted they are climbing in price faster than private schools. Public 4-year in-state schools increased by 46.1% from 2000-2001 to 2009-2010, while private not-for-profit schools increased 30.8% over the same period.
Just looking at Tuition and Room & Board numbers, an additional 48 colleges passed the $50k mark this year, bringing the total to 82. As far as tuition, 43 colleges now charge over $40,000/year, compared to just 11 last year.