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10 states with the fastest rising college tuition
http://www.savingforcollege.com/articles/10-states-with-the-fastest-rising-college-tuition-1047
Posted: 2017-04-05
Since the Great Recession, state appropriations to higher education have been at historic lows. In fact, on average, states spend 20% less per student than they did in 2008. As a result, tuition prices have been rising and the cost burden has shifted from society to the students and their families. Based on the latest data from the College Board, below are the 10 states that experienced the greatest tuition increases over the last five years.
If you live in one of the following 10 states and plan on sending your child to an in-state school, you might want to up your 529 plan contributions.
| Greatest tuition and fee increases at 4-year public universities 2011-12 to 2016-17 |
|||
|---|---|---|---|
| State | 5-year change in average annual tuition cost | % increase | Available direct-sold 529 savings plans |
| Louisiana | $3,312 | 59% | START Saving Program Plan Details |
| West Virginia | $1,592 | 27% | SMART529 Select Plan Details SMART529 WV Direct College Savings Plan Plan Details |
| Tennessee | $1,881 | 25% | TNStars College Savings 529 Program Enroll Now |
| Oklahoma | $1,559 | 24% | Oklahoma College Savings Plan Plan Details |
| Alaska | $1,320 | 23% | T. Rowe Price College Savings Plan Enroll Now University of Alaska College Savings Plan Enroll Now |
| Mississippi | $1,366 | 23% | Mississippi Affordable College Savings (MACS) Program Plan Details |
| Colorado | $1,872 | 22% | Direct Portfolio College Savings Plan Plan Details |
| Virginia | $2,166 | 21% | Invest529 Enroll Now |
| Kansas | $1,546 | 21% | Learning Quest 529 Education Savings Program Plan Details Schwab 529 College Savings Plan Plan Details |
| Hawaii | $1,758 | 20% | Hawaii’s College Savings Program Plan Details |
Don't see your state listed? See the complete list of five-year tuition increases by state on page 2.
RELATED: How much is your state’s 529 plan tax break really worth?
Since the Great Recession, state appropriations to higher education have been at historic lows. In fact, on average, states spend 20% less per student than they did in 2008. As a result, tuition prices have been rising and the cost burden has shifted from society to the students and their families. Based on the latest data from the College Board, below are the 10 states that experienced the greatest tuition increases over the last five years.
If you live in one of the following 10 states and plan on sending your child to an in-state school, you might want to up your 529 plan contributions.
| Greatest tuition and fee increases at 4-year public universities 2011-12 to 2016-17 |
|||
|---|---|---|---|
| State | 5-year change in average annual tuition cost | % increase | Available direct-sold 529 savings plans |
| Louisiana | $3,312 | 59% | START Saving Program Plan Details |
| West Virginia | $1,592 | 27% | SMART529 Select Plan Details SMART529 WV Direct College Savings Plan Plan Details |
| Tennessee | $1,881 | 25% | TNStars College Savings 529 Program Enroll Now |
| Oklahoma | $1,559 | 24% | Oklahoma College Savings Plan Plan Details |
| Alaska | $1,320 | 23% | T. Rowe Price College Savings Plan Enroll Now University of Alaska College Savings Plan Enroll Now |
| Mississippi | $1,366 | 23% | Mississippi Affordable College Savings (MACS) Program Plan Details |
| Colorado | $1,872 | 22% | Direct Portfolio College Savings Plan Plan Details |
| Virginia | $2,166 | 21% | Invest529 Enroll Now |
| Kansas | $1,546 | 21% | Learning Quest 529 Education Savings Program Plan Details Schwab 529 College Savings Plan Plan Details |
| Hawaii | $1,758 | 20% | Hawaii’s College Savings Program Plan Details |
Don't see your state listed? See the complete list of five-year tuition increases by state on page 2.
RELATED: How much is your state’s 529 plan tax break really worth?
With the exception of Washington, Maine and California, all states experienced increases in public university tuition over the last five years. Keep your family prepared for the future by enrolling in a 529 plan today. While your home state’s 529 plan may offer tax incentives for residents, you can invest in almost any state’s plan – no matter where you live!
States with public university tuition increases
2011-12 to 2016-17
Source: College Board Trends in College Pricing 2016
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