Colleges increase tuition after state cuts
Colleges increase tuition after state cuts

Attention college students: Get ready for one heck of a fatter tuition bill.

As state governments face one of their toughest fiscal years yet, higher education is on the chopping block, and public colleges are being forced to pass on more of their costs to students.

Earlier this year, 25 governors proposed slashing college funding, marking $5 billion in potential cuts nationwide, according to the National Association of State Budget Officers.

While many of those cuts have since been tweaked through budget negotiations, most of these tough decisions have to be finalized this week as the fiscal year comes to an end.

Already, staggering reductions in funding are leading colleges in some states to boost tuition as much as 22%.

Last updated June 30 2011: 12:43 PM ET
Join the Conversation

Meet six folks overloaded with student loans. More

College is becoming so expensive, it's starting to hold the middle class back More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.