More than ever a college degree is critical to getting the kind of job that can let you support a family and save for the future at the same time the total cost of a college education tuition fees room and board and books is skyrocketing out of reach of the average american family according to one study the published tuition and fees at us colleges and universities rose 1120 . What does college cost before we talk about why college is so expensive we should talk about what college actually costs you might already have a general idea of average prices for public and private schools in the us so hopefully this info wont give you sticker shock the major college costs that students are responsible for include . From the 2016 17 to the 2017 18 school year the average cost of tuition and fees increased by more than 3 at private and public colleges according to the college boards trends in college . The idea that faculty salaries increase tuition is a popular one and the reason is something called baumols cost disease in the 1960s economist william baumol said that certain sectors become more productive over time which allows them to cut labor costs and lower prices
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