10-Year College Inflation

For the 10-years ended 2010 college costs rose twice as fast as general costs:

Year College Inflation General Inflation
2002 5.50% 1.46%
2003 5.77% 2.11%
2004 5.35% 2.99%
2005 5.62% 2.53%
2006 5.74% 4.32%
2007 6.02% 2.69%
2008 5.49% 5.02%
2009 4.28% (1.43%)
2010 4.15% 1.10%
2011 4.36% 3.6%
Average 5.23% 2.43%

*General inflation figure based on the Consumer Price Index for all urban consumers (CPI-U) produced by the Bureau of Labor Statistic, unadjusted 12-months ending June 30, 2011. College inflation figure based on the Independent College 500 Index produced by the College Board.

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Estimated Cost of College