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TUITION COSTS AT PUBLIC COLLEGES
STUDENT LOANS AND FINANCIAL AID INCREASE The College Board has announced that increases in tuition at public institutions are significantly smaller in 2005-06 than they were in the last 2 years and that increases at private 4-year colleges are much the same as last year's.
Although average grant aid per student is increasing, the increases are not large enough to prevent increased reliance on borrowing. While low-income students receive more financial aid, on average, than higher-income students, recent changes in student aid policies have benefited those in the upper 1/2 of the income distribution more than those in the lower 1/2. Evidence of these trends, along with average college costs and 2004-05 student aid data, is documented in the reports, Trends in College Pricing 2005 and Trends in Student Aid 2005. Also released was a supplement to Education Pays 2004: The Benefits of Higher Education for Individuals and Society, which provides updated information on the economic and social benefits of higher education and on both the progress and the persistent gaps in college participation. |
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"With this annual data, the College Board aims to highlight important issues related to affordability and access in higher education, especially for the growing population of students from low-income families who are want to go to college," said Gaston Caperton, president of the College Board. "It is heartening to see new efforts from universities and colleges, as well as other educational organizations, focused on finding ways to reduce college costs, and we hope that those efforts will continue and increase. In the coming years, our nation cannot afford to have segments of our population left out of higher education." Trends in College Pricing 2005Published fee and tuition levels are an important but imperfect indicator of the cost of a college education. The net price that students and families actually pay for college after considering grant aid and tuition tax credits and deductions provides a better measure of affordability. In addition, published prices vary considerably among institutions within each sector. |
Trends in College Pricing includes information on average prices by state and region. It also includes information on both the range of published prices and the distribution of price increases across institutions.
Average College Tuition and Fees 2005-06 versus 2004-05
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At 4-year private nonprofit institutions, tuition and fees average $1,190 more than last year ($21,235 versus $20,045, a 5.9 percent increase). Total charges average $29,026 ($1,561 more than last year's $27,465, a 5.7 percent increase.
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At 4-year public institutions, tuition and fees average $365 more than last year ($5,491 versus $5,126, a 7.1 percent increase). Total charges average $12,127 ($751 more than last year's $11,376, a 6.6 percent increase).
This article is in 3 parts. this is part 1. 1 2 3
Financial aid or Student aid are general terms that describe money available to students and their families to help offset the cost difference between a family’s Expected Family Contribution, or EFC, and the total cost of attending university.
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