Saturday, April 18, 2015

Tuition is rising but it's not the university's fault: Napolitano - Trent Gillies,

College tuition is on the rise across the U.S., and University of California President Janet Napolitano says she knows why. In a report last year, the College Board showed the price of a four-year degree rose faster than the rate of inflation, with private tuition climbing by 3.7 percent to an average of $31,231. At public universities, the picture was scarcely better: Costs jumped by 2.9 percent during the academic year to $9,139. However, in an interview with CNBC's "On the Money," Napolitano says UC students should blame state budget cuts—and not the universities themselves—for higher tuition bills.

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