Public University Tuition Is Up Sharply for 2004
By GREG WINTER
Published: October 20, 2004
Tuition at the nation's public universities rose an average of 10.5 percent this year, the second largest increase in more than a decade, according to the latest annual survey by the College Board. Last year's rise, 13 percent, was the highest....
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The survey of nearly 2,700 colleges and universities, released yesterday, did not try to determine the reasons for the steep increases. But among the many factors cited by its authors and other higher education experts were shrinking endowments, large increases in health insurance costs for campus employees and anemic spending on higher education by states....
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Despite the increases, the survey found, students are not necessarily paying all the extra costs. Financial aid has been increasing as well, and though it has not always kept pace with rising tuition, it has often softened the blow.
As of last year, for example, the impact of grants and federal tax credits meant that students at private colleges actually paid an average of $9,600 a year in tuition and fees, about $1,000 more than they did a decade earlier, after adjusting for inflation, the survey found. At public universities, students ended up paying only $1,300 a year in tuition, about $200 less than they did a decade before, with adjustments for inflation. And at community colleges, grants and tax credits took care of the typical student's entire tuition.
The authors said, however, that this year's increases in tuition were so large that they did not expect grants to keep up. Students are also becoming increasingly dependent on loans instead of grants, according to the College Board, an association of more than 4,500 schools, colleges and educational organizations. About a decade ago, there was almost as much grant money available to students as there were loans. But by last year, loans had become a much bigger piece of the financial aid puzzle, making up almost 50 percent more of the total pool than grants....
http://www.nytimes.com/2004/10/20/education/20college.html