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College costs growing faster than inflation
Survey data show families are paying more for tuition, housing and fees, and roughly two-thirds say they are satisfied with the value.
- A new report from the College Board reveals college expenses are rising faster than inflation, drawing from surveys of students and parents conducted this spring by the research firm Ipsos.
- Families face persistent financial pressure, with nearly half of those surveyed reporting they borrowed money to finance education as outstanding federal student debt balances rose from $28,300.
- Affordability remains the primary factor for students selecting a college, cited by 40% of respondents, followed by proximity to home and specific degree programs as top enrollment considerations.
- Despite these costs, most families view college as a valuable investment, though debt concerns have increased substantially since the College Board first asked about them 23 years ago.
- Rick Castellano, vice president of corporate communications at Sallie Mae, noted that while institutions face pressure to curb costs, families continue to prioritize higher education despite the financial hurdles.
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The Billings Gazette+3 Reposted by 3 other sources
College costs on the rise
College expenses are rising faster than inflation, according to a new report drawn from surveys of students and parents.
·Billings, United States
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Colleges in private universities rose 5.8% during July and is the third consecutive year in which they exceed national inflation, an indicator that last month had a rate of 3.1%.The services of these institutions are more expensive at a faster rate than preparatory schools, additional education and short courses, according to the information available at the National Institute of Statistics and Geography (Inegi).
·Saltillo, Mexico
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Total News Sources16
Leaning Left3Leaning Right0Center12Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
Factuality
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