More students are going to college than ever before, but states have continued to cut back on funding for public colleges, and that's leading to some real consequences.
A new study from the New York Federal Reserve shows declining state and local financial support for public higher education is causing tuition to skyrocket, increasing much faster than at private colleges.
Rajashri Chakrabarti, Maricar Mabutas and Basit Zafar write in the report:
