Tuesday, April 14, 2015

College tuition is getting more expensive. Here’s who’s actually to blame. - Danielle Douglas-Gabriel, Washington Post

Tuition accounted for 25 percent of school revenue by then, up from 17 percent in 2003. During that time, state funding fell from 32 percent to 23 percent. That's a huge difference from the 1970s, when state legislatures supplied public colleges with nearly 75 percent of their funding, according to the Federal Reserve Bank of Cleveland. As state subsidies suffered during the recession, the federal government kicked in more money through programs like the Pell Grant, which awards money that does not have to be repaid to students whose household incomes are typically $60,000 or less. But that program has failed to keep pace with the cost of tuition. The maximum Pell award covered 77 percent of the cost of attending a four-year public university in 1980, but that fell to 36 percent by 2011, according to the Education Trust. http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/07/college-tuition-is-getting-more-expensive-heres-whos-actually-to-blame/

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