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Tuition is climbing at a faster clip than the availability of financial aid, putting a degree further out of reach for many Americans. Tuition and fees at private 4-year schools rose 4.4% in the current school year to $26,273, according to a survey released by the College Board Tuesday.
Charges at public 4-year universities spiked over 6% for both in-state and out-of state students, to $7,020 and $18,548, respectively.
At the same time, the availability of financial aid isn't keeping up with these climbing costs. Grant funding grew only 4.7% in the 2008-2009 academic year, the most recent for which data is available, which means that undergraduates' out-of-pocket costs are higher than ever.
That, combined with higher unemployment and stagnant household incomes, is making it harder than ever to finance a degree.
Originally posted by Guru97
reply to post by Rockpuck
Yea, it's very expensive, thankfully I'm Voc. Rehab chapter 31 through VA, other than that I'd be forkin' out 27,000 yearly, oh and RockPuck I'm mulatto and I don't qualify for grants either so don't feel bad.
Originally posted by crw2006
I was watching a college football games a few weeks ago and the anouncer stated that tuition for that particular school was $52,000 a year!!!! I couldnt believe it, how can anyone afford that unless their parents are loaded. Enrollment at 2 year community colleges are up this year in NJ, no suprise as they are way cheaper. I think thats where alot of students will end up, and thats not a bad thing. Why waste your money or even worse take years to pay off student loans as you enter a very shaky job market.