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.