“The College Board’s 2013 Trends in Student Aid and College Pricing reports present a mixed picture.
The good news is the rate of increase in tuition for public four-year and community colleges is at its lowest in recent years. This is critical as 80 percent of undergraduates in the United States attend these institutions. Private four-year colleges have also seen rates of increase slightly lower than in the recent past. In other positive news, 49 percent of student aid is awarded in the form of grants, representing the highest percentage in a decade.
However, it is troubling that overall grant aid is not keeping up with prices. While published price is increasing more slowly than in many years, actual out-of-pocket costs have gone up faster for many students and families.
Institutions are committed to holding down costs, but it is equally important for state and federal governments to play their part to make college affordable.”
MEDIA CONTACT: Erin Hennessy ▪ 202-939-9367 ▪ firstname.lastname@example.org