In the last 30 years, the cost of attending a public university went from $655 in 1977 to $6,185 in 2007. According to a US News article, College Board-the non-profit organization that studies college figures-says that there is no significant reason for the increases in tuition above the cost of inflation. An explanation as given by the College Board chairman is that cost of living has increased sharply for students. “Cafeterias and dorms are nicer than they used to be,” said chairman Gaston Caperton. According to the article, parents shold budget at least $80,000 to get today’s freshman attending in-state public universities for four years straight. US News article (October 26, 2007).
