Guys: This information is taken directly from NCES (National Center for Education Statistics): http://nces.ed.gov/FastFacts/display.asp?id=76

Tuition costs of colleges and universities.  AAEA has recently finished statistical analyses which confirm the increasing in the administration cost is one of the culprits of college cost spikes.  Please click here to read more.

Question:
What are the trends in the cost of college education?

Response:
For the 2010–11 academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $13,600 at public institutions, $36,300 at private not-for-profit institutions, and $23,500 at private for-profit institutions. Between 2000–01 and 2010–11, prices for undergraduate tuition, room, and board at public institutions rose 42 percent, and prices at private not-for-profit institutions rose 31 percent, after adjustment for inflation. The inflation-adjusted price for undergraduate tuition, room, and board at private for-profit institutions was 5 percent higher in 2010–11 than in 2000–01.

SOURCE:U.S. Department of Education, National Center

With 42% and 31% increase, one may wonder why such phenomenal increase has happened? What are the stories behind such an increase? Do you guys know and wanna to share? Leave your comments!