College Tuition Wall of Shame

College tuition seems to just keep going up and up. A new law signed by the President in August requires to Dept. of Ed to post online the colleges and universities with the highest percentage increases each year and also list the 5% of schools with the highest overall prices. The website isn’t required to be into place until 2011 (don’t ask why its gonna take 3 years?), but maybe it’ll launch earlier.

According to an article in the USA Today, “The new law goes into effect as college costs nationally continue to
trend upward. Forty-three states received a grade of “F” for
affordability of public higher education from the independent National
Center for Public Policy and Higher Education in a 2006 report, up from
36 in 2004.”

Have you looked into opening a 529 account for your child or niece or grandchild (or  yourself, if you are in college or thinking about higher education)? They are a great tool to help saving funds for the never ending, ever increasing costs of higher education. Here is some basic information on 529 accounts.

BTW, sign up to play in our free fantasy football league before Sept. 28 and compete to win our Grand Prize: a $25,000 contribution to a qualified 529 plan.  

 

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