RICHMOND, Va. (AP) -- A study concludes that student housing, intercollegiate athletics and other expenses are driving up the cost of attending a public university in Virginia, not spending on instruction.
The study released Monday was conducted by the Joint Legislative Audit and Review Commission, the investigative arm of the General Assembly. It looked at the reasons behind a 150 percent increase in the price of attending a four-year state university.
The Richmond Times-Dispatch (http://bit.ly/1bpanAc) reports that the ever-rising cost of a college degree has outpaced increases in family income and health care costs. That has contributed to a tripling of student borrowing during that period.
The average student loan is now nearly $10,000 annually, in part the result of a 22 percent decline in per-student funding from the state.
Information from: Richmond Times-Dispatch, http://www.timesdispatch.com
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.