College Board studies show that tuition increases have slowed, though federal aid is leveling off
- Two reports released today by College Board show that tuition didn't increase at the same rates this year as it has in recent years, perhaps signaling that concern over high prices is reaching college and university board rooms.
- The findings of the reports further the trend of who finances public higher education, as the burden shifts from the states to the federal government, which the report says is relieving the burden on students “through unusually large increases in Pell Grants, grants for veterans, and federal tax credits, the federal government increased its role in financing higher education.”
- The reports, however, also suggest that the federal aid is leveling off, and that if future cuts come to pass and states don't begin to reinvest, the amount institutions expect parents and students to pay will see a dramatic increase that will lead to much higher debt burdens and students who decide to avoid college all together.
From the article:
College tuition went up again this year, but two reports released today by the College Board show that institutions are not increasing tuition at the same rates they were in recent years, a potential sign that the widespread concern about high prices is beginning to penetrate board rooms at colleges and universities. ...
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