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College Board Releases 2008 Tuition Index Costs

September 04, 2008

By MoneyRates Team | Money Rates Columnist

The total charges at an average private college as measured by the IC 500 Index was $37,208 for the 2008 - 2009 school year up from $35,272 the previous year. The 5.49% one-year increase in the index is used by College Savings Bank as the annual percentage yield for parents who own CollegeSure CDs for their children. CollegeSure CDs are issued exclusively by College Saving Bank as vehicles for matching the pace of tuition rate increases. The college-tuition indexed CD has increased faster than general inflation in the economy in 4 of the last 5 years.

To find out more information visit collegesavings.com.

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