The tradition of public state universities being a cheaper but high quality alternative to private colleges is dying fast, as states across the country melt down financially, forcing their public university systems to hike tuition again and again.
California has the dubious honor of leading the pack this year, as a result of having boosted tuition to it’s state universities by a whopping 21% for 2011-2012 over the previous year. At an annual cost of $9,022. for tuition (before room and board expenses), the sunshine state’s public schools of higher learning are fast becoming a non-option for lower income students. Others on the financial stress list include Arizona, which just hiked it’s public university tuition rates by 17%, and Georgia, which just cranked it up 16%.
Unfortunately, with state governments facing budget problems that are generally much worse than the federal government’s, it seems likely that tuition will probably keep going up. Suddenly, it looks quite possible that public school tuition will catch up with or even surpass tuition at for-profit colleges, a group often villified for burdening students with too much debt. With the for-profits charging an average of $14,467. in annual tuition according the The College Board, the cost gap is narrowing between them and state universities. Were California to keep on raising tuition at 21% a year, it would take the state’s schools just three years from now to surpass the average tuition rate for a for-profit school.