College tuition is up again this year in New Jersey. The College Board released their annual report on trends in college pricing.

The sticker price of in-state tuition at four year public universities climbed by an average of almost 5 percent this fall. The increase makes New Jersey the third most expensive state in the country for a college education. Sandy Baum, co-author of the report, says the cost goes up every year; it’s just a matter of how much.

“Recently because of the tight economic conditions, and the limited funding that public universities across the nation have received from their state we’ve seen some really high increases in tuition and fees.”

Baum says this year’s increase is significantly lower than in previous years. Last year’s was over 8 percent.