College tuition up 6.4 percent on average

Increase tops 5.6 percent inflation; report also cites drop in private loans

Amid the economic turmoil, students and their families are getting little relief from rising college costs, which jumped 6.4 percent this fall, according to new figures out Wednesday.

And with states aggressively cutting budgets, big increases look almost certain next year, too — if not sooner. At least two states — Rhode Island and Michigan — already have taken steps toward raising prices before next fall, and a half-dozen others are reportedly considering unusual midyear increases.

Read full story MSNBC

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