Who is raising college tuition

That means costs increased by roughly But as the cost of college has increased and student debt has become a national concern, Americans have begun to question if college is worth the cost.

CNBC Make It analyzed data from The College Board to determine how much college costs — including tuition, fees, room and board — increased this decade.

Here's how much college costs have increased over the last decade, in dollars, according to most recent data from The College Board :. College costs have risen at both public and private institutions over the past decade — here's why. From to , the average tuition at four-year public colleges increased in all 50 states. The CBPP report analyzes state funding for higher education and published in-state public college costs from the school year to the school year.

Researchers Michael Mitchell, Michael Leachman and Matt Saenz found that funding for higher education has not rebounded to pre-recession levels in most states, and that college costs are rising as a result. This can help you shop around for the lowest possible interest rate for your situation. Borrowers with federal student loans may want to think twice before refinancing their loans , though. Refinancing to private student loans means you'll lose federal protections like deferment, forbearance, and maybe even student loan forgiveness.

College graduates who are employed by a federal, state, or local government or nonprofit organization may be eligible for Public Service Loan Forgiveness. This program forgives the remaining balance of your federal student loan debt after you've made qualifying monthly payment plans while working full-time for a qualifying employer. Not all borrowers will be eligible for this type of loan forgiveness, though.

And since federal student loan debt forgiveness is becoming less likely to come to fruition , it may not be worth it to wait around for forgiveness measures while your student loan debt accrues interest.

To figure out how to pay for college or what you should do with your student loans, get in touch with an experienced loan officer at Credible.

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