College tuition has skyrocketed over last couple of decades. While median family income since 2002 has risen only 1.9%, the average annual growth for state college tuition has risen about 8%. For the 2013-2014 academic year, the annual increase dropped to 2.9%. This positive anomaly is good for college students, but it is still higher than the median family income rise by 1%.
Learn how you can reduce expenses for college.