College isn’t just expensive for students, it’s also expensive for colleges—and the squeeze is worsening for private schools

College students walking on campus (Credit: Getty Images)

While Americans are already burdened with massive student loan debts that will take decades to pay off as the cost of education continues to grow, schools have been hiking tuition.

But a report Tuesday from Fitch Ratings said recent increases at private colleges and universities still weren't enough to keep pace with rising expenses.