College Board Releases 2007 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 2007-2008 academic year as measured by the IC 500 totaled $35,272.

The change in college costs from the prior year as measured by the Index was 6.02% - which is 3.33% more than the increase of 2.69% in the Consumer Price Index for the like period.

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