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Student Loan Borrowing Outpacing Tuition Increases

September 30th, 2009 · No Comments

According to a new college study, tuition increases at private schools during the 2008-2009 school year increased by just 4.5%, the smallest increase since 1972. At the same time, student loan borrowing has increased by 25% year-over-year according to a new study from the U.S. Department of Education. So what’s going on? State-supported schools have had higher tuition increases as state budgets have suffered from declining tax revenues. Second, families that have been able to help with tuition

Tags: Credit Cards · Student Loans

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