Sandy Baum
Sandy Baum
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.
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.