Education: Dear Dad: Send Lots of Money

Fees for next year are soaring at public and private colleges

As this year's graduating college seniors struggle to find jobs in a tight market, students who will be returning to campus in the fall face financial problems of their own: soaring costs. Next year the total bill (tuition, room, board and assorted incidentals) for a year at a private college is expected to jump as much as 12%, from an average of $7,475 to more than $8,300; the average cost of attending a four-year state school could rise from $4,388 to nearly $4,800.

Why are many of these institutions raising their fees...

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