College Tuition Rose 6.3% in 2006

One of the biggest savings goals that work-at-home-mom’s have is saving for their children’s college education. 

This is a challenging goal for most parents, especially as fast as tuition has been rising lately.

Tuition and fees rose an average of 6.3 percent for public 4-year colleges, and 5.9 percent for private colleges in 2006.

Tuition at 2-year colleges rose at a slightly slower rate of 4.1%, while room and board rose an average of 5.1 percent.

The average total cost of a college education in 2006 was $16,357 for a 4-year public college and $33,301 for a private college.

The good news is that interest rates are very low right now, making borrowing an affordable and viable option for many students and parents at this time.

Tags: saving for college