It's not new news that the costs of a college education in this country have been skyrocketing.
But a new report by the College Board shows that the growth rate of tuition and fees is slowing down.
Average in-state tuition and fees rose 2.9 percent this year. That's the smallest rise in 38 years. Private college tuition rates grew 3.8 percent this academic year.
However, students and families are paying more on average for college because federal financial aid is declining.
- Sandy Baum, independent policy analyst for the College Board and co-author of the new report.
This segment aired on October 23, 2013.