Cost of college tuition beginning to level out


The average growth in the cost of tuition for four-year public universities in the United States was 4.8% this year. That’s a significant decrease from the steep rates of climb seen in previous years. There have also been declines in rates regarding student aid. Federal grant aid for the 2011-2012 school year totaled $49 billion, a decrease from $52 billion in 2008-2009. Borrowing for education loans; private, parent, and federal, decreased 4%. That’s the first time college loan borrowing has decreased in 20 years. Donald Heller, dean of Michigan State University’s College of Education, says the decrease in borrowing could be attributed to a decline in enrollment. While the net price of public university tuition has increased at a slower rate, the average net price of private university tuition has actually decreased from its 2008-2009 rate and community college students on average get enough aid to cover the cost of tuition and have some left over for books and other expenses.


About Author


Comments are closed.

Social Widgets powered by