<p>"The average cost of a four-year private college jumped to $30,367 this school year, the first time the average has broken the $30,000 mark.</p>
<p>As they have for the past 11 years, average college costs rose faster than inflation, according the latest report from the College Board, a non-profit association of 4,500 schools, colleges and universities....</p>
<p>With room and board, four-year public colleges average $12,796 for in-state residents."</p>
<p>It's not particularly the price that scares me. The one thing that has me worried is the number of people borrowing and in debt. Even in the richest class, borrowing has nearly doubled for college in the last decade.</p>
<p>I see costs of $50k+ for some colleges. If you count parents' visits, extras, it easily can be that high at the highest cost schools which are also the ones where kids are standing in line holding their breaths to get in, and the most of their parents more than willing to beg, borrow and work the money to pay for the cost.</p>