10. The cost of a college education in the United States is rising at a rate faster than inflation. The following table shows the average cost of a college education in the United States during the academic year that began in 2011 and the academic year that began in 2012 for public and private colleges. Assume the costs listed in the table are the only costs experienced by the various college students in a single year.
Calculate the cost of living for an average college student in each category for 2011 and 2012.
Calculate an inflation rate for each type of college student between 2011 and 2012.
| Cost of college education during academic year beginning 2011 (averages in 2011 dollars) | ||||
| Tuition and fees | Room and board | Books and supplies | Other expenses | |
| Two-year public college: commuter | $2,970 | $5,552 | $1,314 | $2,988 |
| Four-year public college: in-state, on-campus | 7,731 | 8,831 | 1,232 | 3,203 |
| Four-year public college: out-of-state, on-campus | 20,823 | 8,831 | 1,232 | 3,203 |
| Four-year private college: on-campus | 27,949 | 9,853 | 1,238 | 2,378 |
| Cost of college education during academic year beginning 2012 (averages in 2012 dollars) | ||||
| Tuition and fees | Room and board | Books and supplies | Other expenses | |
| Two-year public college: commuter | $3,080 | $5,817 | $1,341 | $3,040 |
| Four-year public college: in-state, on-campus | 8,805 | 9,183 | 1,243 | 3,253 |
| Four-year public college: out-of-state, on-campus | 21,706 | 9,183 | 1,243 | 3,253 |
| Four-year private college: on-campus | 29,115 | 10,181 | 1,243 | 2,423 |