According to National Public Radio, the past three decades have seen college tuition increase at a faster rate than both inflation and income.
“In Arizona, for example, parents have seen a 77 percent increase in costs. In Georgia, it’s 75 percent, and in Washington state, 70 percent [in the last five years],” according to NPR.
According to collegedata.com, the average budget for a student during the 2012-2013 academic school year. was $22,826.