Incoming freshmen will pay nearly 25% more than freshmen four years ago. Since 1992, the cost of attending a public university has risen 25%; costs at private schools are up 24%. As the gap widens between college costs and disposable personal income--up only 18% in the same time--students and parents are relying more on student loans, reports CUNA Service Groupís Credit Union Student Loan Network.
For help with college and technical school expenses, see a loan officer at Pacific Community Credit Union.
Hereís the annual going rate for a four-year college education, including undergraduate tuition, fees, and room and board:
Source: The College Board, Washington, D.C.
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