Local private colleges slash tuition prices as enrollment declines — from news.yahoo.com by Jason Law

Excerpts:

“By reducing the published price, we certainly would hope that more people would apply,” Alexander said. “If they see a sticker price of $60,000 or more, there’s research out there that says 60% of them don’t take the next step to apply or figure out if they can afford it.”

One of the most frustrating aspects for consumers, the Hechinger Report found, is the difference between a school’s sticker price—its published tuition cost–and the actual price a student will pay after scholarships and institutional aid are subtracted.

“Many families are not aware that some students do not pay the full sticker price for college. Only 18% of college-bound families agree that the amount families actually pay is lower than the price advertised by the school,” a 2022 Sallie Mae College Confidence report found.

Student Loan Debt: 2022 Statistics and Outlook — from investopedia.com by Daniel Kurt, Thomas Brock, and Amanda Jackson; with thanks to Ray Schroeder for posting this on LinkedIn
The numbers are staggering—and still on the rise

KEY TAKEAWAYS

  • The total amount of outstanding student loan debt in the United States is $1.77 trillion.
  • Soaring college costs and pressure to compete in the job marketplace are big factors for student loan debt.
  • Student loans are the most common form of educational debt, followed by credit cards and other types of credit.
  • Delinquency statistics may be understated because of the relief provided to student loan borrowers by the White House.
  • Borrowers who don’t complete their degrees are more likely to default.

Congress to Boost Pell Grant by $500 — from insidehighered.com by Katherine Knott
While the draft spending plan for fiscal year 2023 provides more funding for several programs, higher education groups and advocates had hoped for higher increases.