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Everyone aims to land somewhere in the middle of their peer group, but the net effect is that all the universities hike tuition year after year.
"Colleges are not going to just be able to keep on increasing tuition year after year and passing it on to students," Mr. Obama told an enthusiastic audience of about 7,200 students and others in the university's auditorium.
These decisions to hike tuition year after year are mostly undertaken without public scrutiny or discussion, with parents often learning of the bad news when they get their annual tuition bill.
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This higher education element of the package will be spent on either improved maintenance grants or free tuition years.
Prepaid Tuition Plans (PTP), by contrast, let you put money aside to pay the tuition at a school in the state that offers the plan and (in some cases) lock in a price for tuition years before your plan's beneficiary matriculates.
I'm also not a big fan of continuing to raise tuition fees year on year.
The prestigious school was expensive, costing Alfred $500 in tuition each year, and in his first year, Edward studied algebra, chemistry, scripture, physiology, grammar, astronomy, and Latin.
For many students, the independent designation is the difference between free or affordable tuition and years and years of debt.
Bancroft paid some of her tuition each year.
Meanwhile, universities have raised tuition every year, putting many students in a financial bind.
But that's unlikely, given that most colleges increase tuition each year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com