- This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts
- Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
- 0% Intro APR for 15 months on purchases and balance transfers
- 5% Cash Back on up to $1,500 spent at grocery stores and movie theaters from 4/1/12 - 6/30/12
- You'll enjoy new 5% categories every 3 months like gas stations, restaurants and even airlines. It's free and easy to activate your bonus each quarter!
- Unlimited 1% Cash Back on all other purchases
- Up to an additional 10% Cash Back when you shop online at select merchants through Chase. No annual fee and rewards never expire
Education Inflation Way Above Consumer Price Index
Every year the College Board surveys 3,500 colleges across the country to determine college cost increases and trends. Then in October it releases its “Trends in College Pricing” report.
Here are highlights from its latest report:
- In-State tuition up 7.9%
- Out-of State Tuition up 6%
- Private Universtity Tuition up 4.5%
Yes, in-state student tuition and fees increased an average of 7.9% at four-year public colleges to $7,605. Room and board costs “only” increased an average of 4.6% to $8,535. This brought the total average cost for the 2010/2011 academic year up to $20,339.
Out-of-state students fared a bit better with tuition and fees increasing a bit less for an average of a 6.0% increase from last year. bringing out of state tuition up to $19,595. Room and board costs were the same as for in-state students. But this raised the total average cost for out of state students in 2010/2011 to $32,329.
Four-year private colleges kept the tuition and fees increases the lowest at an average of 4.5% but they still averaged $27,293. Room and board at the private colleges increased an average of 3.9% to $9,700. So the total average cost for the 2010/2011 year in a private college is $40,476.
“Total average cost” includes tuition and fees, room and board, books and supplies, transportation, and miscellaneous expenses fortunately most students do not pay anywhere near these prices. According to the College Board students at public colleges receive an average of $6,100 in grant and other aid. And students at private colleges receive an average of $16,000 in grant and other aid.
That brings the real cost of one year of college education down to $14,239 for in-state public college students ($20,339 -$6100=14,239) and $24,476 for private college students ($40,476 – $16,000= $24,476).
Either way, the rates of college inflation are out of hand compared to the consumer price index which is up only 1.17% as of October 2010.
To read this report, visit www.trends-collegeboard.com.
Leave a Reply
You must be logged in to post a comment.
