Tuesday, October 24, 2006
Public and Private Tuition and Fees Increase While Pell Grants Decrease
The AP and Bloomberg report on The College Board's 2006 Trends in Higher Education Series.

The good news:

  • Tuition increases are slowing.
  • Two-thirds of students are receiving some form of grant aid.
  • College graduates continue to earn 60-70 percent more than workers with high school diplomas.

The not-so-good news:

  • Prices at public schools are still up 35 percent in five years.
  • Pell Grant aid has dropped $120 per recipient.
  • Colleges and universities face reductions in non-tuition revenue (from state and local appropriations) and increases in costs (for health benefits and utilities). This has helped boost tuition.
  • Students are increasingly turning to more expensive private loans to meet the cost of their education.

I'm definitely going to spend some more time going through this report.



Blogger GolbGuru said...

The reduction of state contribution to our university (public university) is really hurting a lot of students.

Plus, they have deregulated some tuition restrictions and the top bosses at our university see that as an excuse to slap us with a new fee every damn semester. And they talk about encouraging higher education in this country. :)

Blogger HC said...

Oh, fees are the most frustrating of all. Especially when you were already paying so many already.

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