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Both in current dollars at the time and adjusted for inflation, the cost of college has skyrocketed, along with student debt. Colleges have gotten caught up in the news lately, and not for anything good.

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Last week, the Department of Justice charged dozens of people in a college entrance scam. But there are other less sensational ways colleges and universities in the U. Perhaps the simplest way to observe it is in the current cost to go to college compared with the past.

Both in terms of current dollars at the time and adjusted for inflation, the cost of college in the U.

Find out how much college used to cost and how much it costs today. From tothe average annual cost of a four-year public school has soared 3, percent. The average annual cost of a four-year private school has jumped 2, percent. Private schools also saw a large surge in tuition prices, but not as much as public schools.

When you adjust these dollar figures for inflation, the change is smaller, but still unsettling. That works out to an increase of percent from to with inflation included, or nearly three and a half times the cost in the past.

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The effects of this rise in college tuition cost is the proliferation of student loans — and far worse, student loan debt. Student loan debt has more than doubled in a decade. Find out the average student loan debt in every state. We make money easy. To calculate average college costs infigures from the NCES for in-state tuition and fees at public four-year institutions, including 1 universities and 2 other four-year institutions, were averaged to attain overall figures for in-state costs at four-year public colleges. The same was done to calculate the average tuition and fees for private institutions as CColleges.

Some figures are rounded to the nearest whole number. This article originally appeared on GOBankingRates. Brown discussed his outlook for stocks in the coming months and potential economic recovery plays in anticipation of coronavirus vaccines hitting the market. But I'm starting to think that way," he said.]