Sandy Baum
Sandy Baum
aid budgets component financial
Financial aid is the fastest-growing component of institutional budgets.
covers grant maximum portion remains smaller therefore total tuition
The maximum contribution remains at $4,000. Therefore the Pell Grant covers a smaller and smaller portion of students' total tuition costs.
affluent almost average borrow children debt families increasing levels likely
Where the average debt levels are really increasing are for children of more-affluent families. Children of affluent families are now almost as likely to borrow as children of less-affluent families.