Dive Brief:
- The average sticker price of college is increasing, but at a slower rate over the last decade than the decade before, according to a College Board Report.
- For full-time in-state students, the published tuition and fees at public four-year colleges for this school year was 2.9% higher than last year, Inside Higher Ed reported.
- The price increase was 3.3% for two-year colleges and 3.7% for private nonprofit colleges.
Dive Insight:
The College Board also issued a report showing total education borrowing falling by 8% in the last year, partly because of enrollment declines. Enrollment dropped 4% in the two-year period ending during 2013-2014 school year. Per-student borrowing was down 6% last year. The average amount of financial aid received last year by full-time undergraduate students was $14,180, with $8,080 in grant and $4,840 from federal loans.