College
Increase in College Enrollment Despite the rising costs of tuition in recent years, the percent of students enrolling in degree-granting institutions continues to increase.  The new “knowledge economy” is creating higher-paid jobs, but most require education beyond high school.  A higher salary may incentivize the 61 million individuals who are older than 25 with only high school diplomas to benefit by obtaining a postsecondary education. Total postsecondary enrollment is expected to grow 15 percent between 2009 and 2019.  Although enrollment growth of nontraditional students has eclipsed that of traditional students, the imbalance is expcected to shift.  Projected growth between 2009 and 2019 shows traditional student enrollment growing at 16 percent while enrollment for students older than 25 grows at 13 percent.

Continue reading >

Categories: College, News
Decline In Private Student Loans The need for student aid, from all sources, will continue to increase over the next five years.  The availability of non-federal aid and loans has decreased.  Private loan originations continue to decline because fewer lenders are willing to make unsecured loans (See Image Above).  In addition, State support for funding higher education has declined since 2008, reducing the resources post secondary institutions have to administer Title IV programs.  Finally, the American Recovery and Reinvestment Act (ARRA) funds that assisted with State shortfalls expire in 2012.  The overall effect of these factors will likely increase the demand for federal student aid in order to offset these reductions.

Continue reading >

Categories: College, General
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. [...]

Continue reading >

Categories: College, General