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ERIC Number: EJ821957
Record Type: Journal
Publication Date: 2008-Nov-7
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
Student Aid Is up, but the Rise in College Costs Outpaces Family Incomes
Supiano, Beckie
Chronicle of Higher Education, v55 n11 pA23 Nov 2008
College prices rose only slightly faster than inflation for the 2008-2009 academic year, but that may say more about the American economy's steeper prices for everything than it does about college costs. Tuition and fees rose between 4.5 percent and 6.5 percent for various types of institutions, similar to previous years, but a 5.6-percent increase in the Consumer Price Index means that tuition growth was less than 1 percent in constant dollars. Meanwhile, more student aid is available than ever before. The volume of private loans, however, had declined even before the onset of the credit crunch, according to two reports released last week by the College Board. This article reports that even though grants are rising, they do not make up the difference between growing college costs and family incomes.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A