The nation's colleges and universities have hiked tuition and other prices again this year, continuing a decade-long practice of raising them above the rate of inflation making higher education less and less affordable. Tuition fees and room and board at private non-profit colleges rose 2.6% on average two $45,370 this academic year. In-state students at four-year public colleges saw costs climb 1.8% to $20,090 the first time they've taught $20,000 after adjusting for inflation. Prices at private and public colleges is year didn't rises sharply as they had previously, though for private schools, this year's price hike is higher than the roughly 45 year average.
Families and lawmakers are increasingly worried about mounting student debt and that middle income Americans may soon be priced out of college, despite tens of billions of dollars in aid from schools, government agencies and other providers. Public four-year colleges, which are funded by state taxpayers specifically to provide a low-cost option, have more than doubled their tuitions and fees over the past 20 years in response to funding cuts from state lawmakers.
Democratic presidential candidate Hillary Clinton has proposed making four-year public colleges tuition free for in-state students with family incomes up to 85,000 and, within five years incomes up to hundred and $25,000. She also wants to let students of all income levels attend community colleges for free. She feels that the federal government has not done enough to address the underlying problem of rising costs.
Her opponent Donald Trump wants to require schools to use more of their endowment funds to offset tuition hikes. College leaders of argue that they're trying to keep costs low by offering more scholarship in grant money giving students a discount on tuition and fees. Last year schools provided $54.7 billion in institutional grants up 88%. But when they measured as a percentage of all grant aid that students get, school grants are down from 20 years ago. Federal taxpayers are providing more of the funds.