Mary Anne Busse
Managing Director, Great Disclosure LLC
October 23, 2013
The College Board just came out with their annual review of college prices. Trends in College Pricing 2013, the College Board noted that in-state tuition and fees at public four-year institutions increased just 2.9% in 2013-14 compared to 2012-2013 prices. This “followed increases of 4.5% in 2012‑13 and 8.5% in 2011-12 and was the smallest percentage increase in over 30 years”. That is some promising news for college savers. If this trend continues, it means your college savings may go much further than you may have originally planned.
This good news, though, needs to be tempered with the reality that, according to the College Board, over the 30 years in-state tuition and fees at public four-year institutions has increased 231%! What does all this mean for you? It signals a move in the right direction for in-state tuition but also signals the need to continue to save for college at the same pace, if not more aggressively than before. You can find some great 529 Plan comparative tools here and for more college cost statistics, check out Trends in College Pricing 2013.
About the Author:
Mary Anne Busse is the Managing Director of Great Disclosure LLC, a full service consulting firm dedicated to the 529 Plan marketplace. Great Disclosure represents 529 Plan administrators on all aspects of 529 Plan administration, marketing, and operations.