COLLEGE SAVINGS 101

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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

by Kathryn Flynn

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.

ENROLL TODAY
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
Plan Details
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
Enroll Now
Virginia $2,166 21% Invest529
Enroll Now
Kansas $1,546 21% Learning Quest 529 Education Savings Program
Enroll Now
Schwab 529 College Savings Plan
Plan Details
Hawaii $1,758 20% Hawaii’s College Savings Program
Enroll Now

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

Tuition Increase Chart

Source: College Board Trends in College Pricing 2016

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.

ENROLL TODAY
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
Plan Details
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
Enroll Now
Virginia $2,166 21% Invest529
Enroll Now
Kansas $1,546 21% Learning Quest 529 Education Savings Program
Enroll Now
Schwab 529 College Savings Plan
Plan Details
Hawaii $1,758 20% Hawaii’s College Savings Program
Enroll Now

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

Tuition Increase Chart

Source: College Board Trends in College Pricing 2016
 

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