Cost of College Rising More Quickly Than Wages

The Project on Student Debt has issued a press release noting that the cost of tuition, fees, room and board are rising higher than wages. This means, of course, that student debt levels are rising as well:

From 2006-07 to 2007-08, in-state students at public universities saw the biggest increase in tuition and fees at 6.4 percent, with room and board up 5.2 percent….Students at all types of colleges still faced higher prices than they did the year before, and student debt levels are rising as families try to keep up.