Shawn Vestal: College Costs Are Still Sky High, But The Debt Picture Is Improving — At Least A Bit

"One of the most important trends of our college cost crisis is one of the least-known. It’s getting better. A little, tiny, eensy-weensy bit better. Costs are rising slowly, not shooting through the roof. The pernicious cycle of student loans – the intergenerational screw-job we hand down to young people – has eased, with an increase in grant aid and a reduction in borrowing over the past decade. And various grant and scholarship programs that have sprung up in answer to the escalating cost of college have grown dramatically," The Spokesman-Review writes

... "The National Association of Student Financial Aid notes that the maximum Pell Grant in 1975-76 covered more than three-quarters of the cost of attending a public four-year college. In 2020-21, the maximum Pell Grant of $6,495 covered 26% of that cost."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 9/11/2022

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