It is common knowledge that student loan debt is now larger than credit card debt. Some colleges have shown that they are concerned about their costs and have been thinking about this as graduates struggle with debt and decreased job prospects. Tuition and fees at four-year public colleges rose 27 percent in the past five years, while those at four-year private schools rose 14 percent according to the College Board.
About 320 colleges and universities have frozen tuition during the 2012-2013 school year. These schools represent about 6.7 percent of the nation’s colleges. Many of these fixed-rate plans are coupled with a commitment to hold financial aid steady so that students and their parents have a firm cost estimate. In general, students starting as freshmen pay more than the standard tuition for their first two years to offset lower rates in the last two.
Potential students should check with their colleges to see if they offer this program.