Business & Investment

College tuition is currently rising at a rate lower than inflation

Universities are becoming more and more expensive every year.

Nevertheless, Covid registrations continued to declineAccording to a College Board report that we are tracking, this year’s tuition and tuition increases are very low by historical standards. University pricing and student support trends..

Average tuition and tuition for grade 2021-22 increased 1.3% to $ 3,800 for 2-year school students and 1.6% to $ 10,740 for 4-year college state students, reaching $ 10,740 in 4th grade. It became 2.1%. Annual private sector, $ 38,070.

And after adjusting for inflation, average tuition and tuition fees have fallen across the board. (Latest one Inflation rate It increased by 5.4% year-on-year).

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Jenniferma, Senior Policy Research Scientist and co-author of the report at College Board, said:

According to Ma, the average tuition fees for two-year schools did not increase at all in the 15 states. In the three states, the average tuition fees for 4-year public university students in the state were also flat.

Still, college costs have already reached unsustainable levels, many experts say.

During the Great Recession, the decline in official development assistance to both public and private universities has caused tuition fees to skyrocket. Today, tuition accounts for about half of college income, with state and local governments providing the other half.

But about 30 years ago, the splits were very different, with tuition providing about a quarter of the income, with state and local governments paying the rest.

Very few families can bear the burden, so they increasingly rely on federal and private assistance to assist in drafting legislation, paying unpaid student debt. $ 1.6 trillion..

However, in response to the economic shock caused by the pandemic, the federal government has approved $ 74.8 billion for higher education institutions and students through the Higher Education Emergency Relief Fund.

This will give schools enough support to keep their tuition fees nearly stable, and at least half of the money will go to grant financial assistance to students.

As a result, average grant aid has increased and student loan borrowing has decreased, Ma said. “It would be interesting to see if it tends to continue.”

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College tuition is currently rising at a rate lower than inflation

https://www.cnbc.com/2021/10/27/college-tuition-is-now-rising-at-a-rate-lower-than-inflation.html College tuition is currently rising at a rate lower than inflation

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