College Board Releases 2006 College Costs
A new academic year is right around the corner and
The College Board has released the Independent
College 500® Index (IC 500) which allows College
Savings Bank to credit your account accordingly for
the year.
The average cost of one year’s tuition, fees, room and
board for the 2006-2007 academic year as measured
by the IC 500 totaled $33,270.
The change in college costs from the prior year as
measured by the Index was 5.74% - which is 1.42%
more than the increase in the 4.32% Consumer Price
Index for the like period.
While college costs increased 5.74% this year
providing our clients with an attractive return, the total
returns on U.S. Treasury bonds and bills were -7.26%
and 4.04%, respectively.