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Cost of college seen climbing this year (CNNMoney.com)

NEW YORK (CNNMoney.com) — The cost of higher education looks like it’s climbing … again.

While the final trend figures for the fast-approaching 2006-2007 academic year are still being compiled, students can expect about a 5 percent increase in both tuition and fees, says Carl Buck, vice president for college funding for the college information firm Peterson’s.