When college tuition bills come in, be prepared for a shock. The average tuition fee at a four-year public university in America climbed 15% between 2008 and 2010, fuelled by state budget cuts for higher education and increases of 40% and more at universities in states like Georgia, Arizona and California, reports Associated Press.

The US Department of Education’s annual look at college affordability also found significant price increases at the nation’s private universities, including at for-profit institutions, where the net price for some schools is now twice as high as Harvard.

At Full Sail University, a film and art school in central Florida, the average price of tuition, fees, books and other expenses totals $43,990, even when grants and scholarships are factored in. The average net price for an incoming Harvard student: $18,277, according to the department. Net price is cost of attendance minus grant and scholarship aid.
Full report on The Washington Post site