College is once again more expensive this year than last, but the price tag is going up slower than before.
The College Board said in a report Wednesday that average cost for in-state tuition at a four-year college has risen only $247 since 2012. The 2.9 percent price increase is the smallest one-year hike on record for the last 30 years, the Associated Press reports.
Out-of-state tuition and private tuition costs rose slightly faster, but also haven’t posted major hikes this year.
It’s not all good news for affordability; federal grant aid has sagged, so fewer students are getting financial help to pay for college.