Thursday, October 30, 2008

Downturn Expected to Drive Tuition Up

Published: October 29, 2008

Tuition costs rose slightly faster than the Consumer Price Index last year, and students received record amounts of financial aid, according to the annual reports on college pricing and student aid released Wednesday by the College Board.

But while financial aid is growing, average student borrowing is still going up, as well.

Moreover, many education experts said that the report’s findings of relatively stable college affordability, based on data gathered before the current economic downturn, might already be outdated. With the troubles in the stock market, they said, both public and private colleges may soon be in serious financial straits, forcing large increases in tuition.

Read more HERE

No comments: