College tuition costs rise by 6.5 percent

Associated Press reports:

Average tuition prices rose sharply again this fall as colleges passed much of the burden of their own financial woes to recession-battered students and parents. Average tuition and fees at four-year public colleges rose 6.5 percent, or $429, to $7,020 this fall, according to the College Board’s annual “Trends in College Pricing” report, out Tuesday. At private colleges, the average list price for a year rose 4.4 percent to $26,273.

I shake my head in incredulity at the  extravagant cost of private colleges. Someday rationality will return to pricing of higher education. But for now, tuition deflation is nowhere to be seen.