The total cost of going to college in America is on the rise, according to a report released by the College Board on Wednesday.

According to the figures provided by the College Board the overall cost of attending a private four-year college increased to $34, 152 on average for the academic year 2008-2009, thus marking a rise of 4.8% from previous school year. the cost of going to in-state public colleges too recorded a rise of 5.7% from that of last year and stood at $14,333 for the current academic year. out of state students too paid more for attending a four-year public college this year, shelling out $25,200 which marked a rise of 5.2% from one year ago.

The figures were compiled by the College Board, a non-profit organisation including more than 5400 schools, colleges and universities. Total costs calculated by the association covered tuition fees, as well as boarding and lodging expenses.

However the report found out that after adjusting the average $10,200 received in grants and tax benefits, the cost for students of private colleges came down to $23,932 . similarly full-time undergrads at public four-year colleges too received around $3700 in aid and tax benefits which brought down the actual cost of attending public colleges to $10,633 for in-state students and $21,500 for out-of-state students.