NPR : News

Filed Under:

Report: College Costs Continue Rising, Aid Cuts Could Add To Pain

Students and parents won't be surprised to hear that the prices colleges and universities officially charge for tuition, room and board went up yet again this academic year.

The College Board reported Tuesday that:

-- "Published in-state tuition and fees at public four-year institutions average $8,244 in 2011-12, $631 (8.3 percent) higher than in 2010-11."

-- "Published out-of-state tuition and fees at public four-year colleges and universities average $20,770, $1,122 (5.7 percent) higher than in 2010-11."

-- "Published in-state tuition and fees at public two-year colleges average $2,963, $236 (8.7 percent) higher than in 2010-11.

-- "Published tuition and fees at private nonprofit four-year colleges and universities average $28,500 in 2011-12, $1,235 (4.5 percent) higher than in 2010-11."

It also probably won't surprise many students and parents that when grant aid, federal tax credits and tax deductions are factored in, the average net cost of getting educated is up much less. For example, net tuition and fees at a public four-year universities this year average $2,490 — up 1.4 percent from last year.

But here's the problem, as The Associated Press says: With federal lawmakers pressed to cut the federal deficit, "the days of states and families relying on budget relief from Washington appear numbered."

Related news: President Obama "is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt."

Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Gene Wilder, Star Of 'Willy Wonka' and 'Young Frankenstein,' Dies

The actor and writer who brought his signature manic energy to comedy classics reportedly died at his home in Stamford, Conn., of complications from Alzheimer's disease. He was 83.
NPR

A Chocolate Pill? Scientists To Test Whether Cocoa Extract Boosts Health

Chocolate lovers may agree cocoa is the food of the gods, but how strong is the evidence that it boosts heart health? Researchers are recruiting for a new study aimed at answering this question.
NPR

Huma Abedin To Separate From Anthony Weiner After New Sexting Allegations

The longtime Hillary Clinton adviser said she made the decision "after long and painful consideration and work on my marriage."
NPR

FAA Expects 600,000 Commercial Drones In The Air Within A Year

The soaring number of drones for hire is forecast in response to new federal rules that simplify and streamline the process of getting government approval and certification.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.