Rise in college costs hits public schools hardes

CNN reports:

While heading to a private college is still more expensive than going to a state school, the price gap is narrowing: Tuition and fees are climbing at a faster pace at public schools than their private brethren.

For the school year 2010-11, in-state tuition and fees at public four-year colleges and universities rose to $7,605, up 7.9% from a year ago, the College Board reported Thursday. At private four-year institutions, the average cost rose 4.5% to $27,293.

The non-profits like profits!