College Affordability in Jeopardy

College Affordability in Jeopardy

According to a new report from the National Center for Public Policy and Higher Education, tuition at public colleges and universities continued to rise faster than the rate of inflation over the past year, while state funding for those institutions dropped sharply. The report, College Affordability in Jeopardy, examined the changes in public tuition and fees, state appropriations for higher education, state student financial aid, and personal income on a state-by-state basis for fiscal years 2002 and 2003 and found that at public four-year colleges and universities, sixteen states had increased tuition and fees by more than 10 percent. At the same time, only fourteen states increased their spending in student grant aid by more than 10 percent, while seventeen states decreased their total investment. The conclusion: The nation's public two- and four-year colleges and universities, which enroll about 80 percent of America's college students, are becoming less affordable with each passing year.