University Tuition Increase Slows

    In this photo taken Tuesday, Oct. 15, 2013, University of Washington students walk between classes on the campus in Seattle. Despite a downward demographic shift in the number of kids graduating from high school, enrollment is up at three of Washington’s six public universities this fall. The University of Washington, Western Washington University and Eastern Washington University are all reporting increases in students. UW and Western also have their largest freshman classes ever. Washington State University, Central Washington University and the Evergreen State College are reporting small decreases in fall enrollment. (AP Photo/Elaine Thompson)

    Elaine Thompson/AP

    Here’s a silver lining for college students and their families. U.S. tuition rose, on average, 2.9 percent this year, the smallest increase in 30 years, according to a College Board report published on Wednesday. “This does not mean that college is suddenly affordable,” warned economist Sandy Baum, a co-author of the report. Baum said it appeared that the skyrocketing tuition costs appeared to be “moderating,” but not actually turning around. Public university students felt the pain the most, with tuition increasing 4.5 percent (although still less than 8.5 percent the year before), compared to a 3.5 percent increase at private universities and a 0.5 percent increase at for-profit institutions.

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