Net prices of private colleges rise sharply, despite increase in financial aid

``The colleges' median annual "net price" -- what families pay per academic year after factoring in financial aid and grants -- rose by 10.5 percent, to $29,481, between 2008 and 2013, the most recent year for which data were available. The review looked at nearly three dozen private institutions across the state and was based on statistics provided to the US Department of Education... "Net price goes up, not as quickly as tuition, but it still goes up faster than inflation," said Kantrowitz, senior vice president of the education information website Edvisors.com.''