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ERIC Number: ED477421
Record Type: RIE
Publication Date: 2003
Pages: 32
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Student Charges & Financial Aid, 2002-2003.
American Association of State Colleges and Universities, Washington, DC.; National Association of State Universities and Land Grant Colleges, Washington, DC.
As the 2002-2003 academic year got underway, many public colleges and universities found themselves wrestling with mid-year state funding reductions, significant enrollment growth, and pressure to hold the line on tuition. With unfunded enrollment mounting and another bleak budget year on the horizon, states and their higher education institutions once again faced the unpleasant reality of increasing student charges. The economic downturn and resulting budget crunches also spell trouble for federal and state student aid programs that provide access to higher education opportunity. The Pell Grant program faces a shortfall of $2 billion, and a number of states have cut their need-based grant efforts or are struggling to maintain current funding levels. This challenging scenario is made more complex by changes in leadership in the U.S. Senate and the upcoming reauthorization of the federal Higher Education Act. Resident undergraduate tuition and fees at public 4-year institutions rose 9.1% for 2002-2003, the largest single-year increase in almost a decade. Despite this increase, more than half of the states reported undergraduate tuition and fee increases at or below the national average. Room and board charges increased at the rate of 5.4% for 2002-2003. Over the past few years, the cost of attending college as a percentage of family income has stabilized for those in the middle- or high-income brackets, but this percentage remains particularly high for low-come families, at about 60% of annual income. Financial aid to postsecondary students increased approximately 11.5% in current dollars between 2000-2001 and 2001-2002. The year ahead will be filled with difficult choices for policymakers, higher education leaders, and students and their families. Two appendixes list student charges at member institutions of the American Association of State Colleges and Universities and the National Association of State Universities and Land Grant Colleges. (Contains 7 tables and 49 endnotes.) (SLD)
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: American Association of State Colleges and Universities, Washington, DC.; National Association of State Universities and Land Grant Colleges, Washington, DC.