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College funding going to areas other than instruction in Virginia

Published On: Jun 10 2013 10:51:40 PM EDT   Updated On: Jun 10 2013 05:19:11 PM EDT
RICHMOND, Va. -

The cost for college continues to rise, but News 5 learned the extra spending is not on instruction in the Commonwealth.

A study released Monday by the Joint Legislative Audit and Review Commission of the General Assembly shows student housing, intercollegiate athletics and other expenses are driving up the costs at Virginia public universities.

The cost of a college degree has out-paced increases in family income and health care costs.

The average student loan is now nearly $10,000 a year.