College Costs Outpace Aid IncreasesNovember 1, 2016 | :
by Daily Herald
Colleges are putting the brakes on hefty price increases, but tuition and fees are still rising at a faster rate than the financial aid and family income needed to cover costs, according to two reports released Wednesday by the College Board.
“Despite the moderate increases in average published prices, there were considerable increases in net tuition and fees over the past few years,” said Jennifer Ma, policy research scientist at the College Board and co-author of the reports. “These increases, combined with stagnant incomes for many families, raise concerns about ensuring educational opportunities for low- and moderate-income students.”