With unemployment rising, house sales falling and retirement accounts shrivelling, college students are not at the top of most people's worry lists. But they face a miserable set of financial circumstances. Tuition costs and other fees are soaring: up 439% since the early 1980s, says a recent report from the National Centre for Public Policy and Higher Education. Family incomes have not begun to keep pace. This year's average bill from a private college is about $25,000, according to the College Board, a body that, as well as managing standardised tests such as the sat, also studies financial aid for students. Public universities are far more affordable, with an average price tag of $6,500 for instate tuition. But that is still a big chunk of the budget for a poor or middle-class family. And living expenses quickly run up the tab, even if a student makes do with a grotty apartment and lives on noodles.
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