Colleges raise tuition as much as 22 percent

Parents and students are bracing for a new round of sticker shock this fall as public colleges and universities are hiking prices again, this time to make up for massive cuts in state budgets.

Half of all states cut higher-education funding in their fiscal year 2012 spending plans, some by hundreds of millions of dollars.

The University System of Wisconsin, for example, lost $125 million in state funding. It responded by raising tuition 5.5 percent, which is expected to generate $37.5 million in additional revenue to help plug the gap.