Rising Cost of College Tuition

The rising cost of college tuition statistics suggest that college savings should begin before the college student is born, but at least by the child's first birthday. The average college student beginning college in 2009 will spend $115,000 on tuition at most state universities; they could pay double that and more at private universities and out-of-state universities.

The rising cost of tuition can be blamed on many factors, but with the cost of college on the rise, parents and students need to balance their budget against their educational desires.