
Report: The cost of a college degree is finally slowing down

Finally there’s some good news on the higher education front: The ever increasing cost of a college degree is slowing down.

For years, the question hasn’t been about whether college tuition would increase but rather by how much. While the prices for a degree are still going up annually, The Wall Street Journal reports the increases have lessened lately.

From the article:



Part of the reason for the decreasing costs, The Journal reports, is a surplus of higher education institutions combined with a declining overall enrollment. A lower birthrate and aging population have “reduced the pool of traditional college-age Americans” and Congressional action may also have an impact:




The Journal reports the current trends that are leading to lower tuition increases are affecting private colleges and universities the most while public universities are on better financial footing:

Public four-year colleges, which teach the majority of bachelor’s candidates in the nation and tend to be cheaper than private schools, are benefiting from increases in direct state funding as tax revenues improve. That has eased schools’ need to raise prices on students. During the recession, the reverse occurred. States cut funding to plug budget gaps and colleges raised tuition to offset the cuts.


Read the full article.

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