According to College Boards annual reports the average in-state student pays $16,140 per year for tuition and room and board at a public university. Looking at the numbers in this article tuition prices have raised for every type of university, from community colleges to private universities. The good news is that financial aid is rapidly increasing to keep up with this increase in tuition. In 2009-2010 students got $28 billion in Pell grants, which is $10 billion more than last year. There has to be something done to keep tuition prices from rising every year because it’s just not feasible that the government is going to be able to continue having an increase of $10 billion every year for Pell grants.
Matt Rister
http://www.nytimes.com/2010/10/28/education/28college.html?_r=1&ref=us
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Matt,
ReplyDeleteThis article also noted something that surprised me, and would probably surprise most: "When you look at how much students are actually paying, on average, it is lower, after adjusting for inflation, than five years earlier.” Because of these grants, students are going to school for cheaper, however it still too much for some to pay. After talking to students here, I’ve learned there are many students who do not receive support from their parents, however do not receive money from FAFSA because their family income is too high. “We have to figure out how to educate students in a more cost-efficient way,” Ms. Baum said. This is a bottom-up process that will continuously be on the agenda.
Elise Leppert
The article also mentions tax credits which go to both low income and higher income families. Tax credits are important because many middle class students don’t qualify for grants but the high cost of education may still be a financial strain on their families. Tax credits are especially important given the state of the economy when even middle class families are struggling, the article makes note of this saying: “if you’re not eligible for financial aid, it [the rise in tuition] is a problem, since very few families are seeing their income go up 8 percent this year.”
ReplyDeleteKate White
I agree with Kate's assertion about tax credits. There is pocket of middle class families who do not fit the criteria for financial aid, but are faced with the burden of the costs of higher education. The availability of financial aid is in great wealth right now, but the government cannot rely on that forever. Other forms of financial relief such as tax credits can aid families with higher education costs.
ReplyDeleteI agree with Matt, something has to be done. There is a enormous amout of financial aid given to students applying to schools in state, let alone how much is needed for those who want to go out of state. It is to the point for most students that out of state schooling is not even an option. Something has to be done before we are not able to keep giving out financial aid, and therefore resulting in less kids dreams of college being crushed.
ReplyDelete^^^^^^^^^^^^^^
ReplyDelete-Jordan Goodman