Tuition hikes slow in Minnesota, nationwide

Tyler Gieseke

Increases in college tuition in Minnesota were smaller than in previous years, the Star Tribune reported.

Tuition hikes at four-year state schools nationwide were the smallest in more than a decade, according to the Los Angeles Times.

A new College Board report showed in-state tuition and fees for Minnesota’s public four-year universities rose an average of 2 percent to $10,388, the Tribune said. The state’s public colleges and universities are still some of the most expensive.

Compared to other leading national universities, the University of Minnesota had the sixth-largest growth in resident tuition and fees over the last five years, after adjusting for inflation, the Tribune said. The upsurge can be attributed partly to decreases in state funding.

Nationally, public college tuition increased by 4.8 percent, the Los Angeles Times reported. It’s the smallest jump in more than 10 years.

Average tuition at public four-year schools sits at $8,655 after the increase, the Times said. At private nonprofit schools tuition increased by 4.2 percent, a rate similar to that of recent years, and sits at an average of $29,056.

This year, public universities reigned in tuition increases through budget cuts, Sandy Baum, co-author of the College Board study, told the Times. Over each of the previous three years these schools raised tuition by about 8 percent in response to cuts in state funding during the recession, the Times said.

With financial aid, about two-thirds of college students pay a net price lower than full tuition, Baum told the Tribune. In spite of a recent downward trend, average net price rose more than 4 percent this year, the biggest increase since 2003.