Monthly archive March, 2013
The Rising Cost of College The cost of attending public four-year institutions has grown at a rate of 6.5 percent per year from 2001 through 2010. The trend is similar across all sectors of post-secondary institutions. If this trend continues, the cost of a public education in 2016 will be well over twice the 2001 cost. Even though the law mandates a maximum on grant and loan amounts per student, the increased cost of higher education increases the need for FSA to ensure that eligible borrowers are aware of federal student aid options and are able to finance their education. The rising cost of college may make it increasingly difficult for students to access and complete their post-secondary education. In an effort to offer prospective students and parents accurate and accessible data on college, the FSA now provides post-secondary institutional information about tuition, fees, and net prices (the price of attendance after applying grand and scholarship aid). All information can be accessed through the College Affordability and Transparency Center at http://collegecost.ed.gov/. The Center includes information for students, parents, and policy makers about institutional costs at America’s colleges and universities. Institutions are listed by the highest and lowest costs of tuition, required fees, and net prices. [...]

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Categories: College, General