As Price Of College Rises, How Will Higher Education Evolve To Be Affordable?
"A new report from the College Board, the group that owns the SAT test, finds costs at four-year public schools posted the smallest increase in more than 30 years, up 2.9 percent -- the bad news, federal aid for undergraduates declined by 9 percent over a two-year period," PBS's Newshour reports. The segment includes comments from Jeff Selingo, author of "College Unbound: The Future of Higher Education and What It Means for Students," is a contributing editor to The Chronicle of Higher Education. Selingo said that "this is the smallest increase we have seen in a couple of decades, but, of course, that's on a larger base. So the percentages seem small, but we're still talking about several hundred dollars on the average public college tuition in the United States. ... We always talk about the price, but not the cost of delivering education. So, I think we're going to look at new ways of delivering college courses through technology and other ways of delivering those courses. And I think on the other side, you're going to see income-based contingent loans, where students can pay a piece of their income after college toward their loans. So I think, on both sides, both the cost side and the price side, you're going to see changes in want future because I think the federal government particularly is saying, we can no longer keep up with the rising prices of colleges."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.