Monday, May 13, 2013

College Tuition Help

Finally, we're seeing a little good news for people trying to pay for college. Although we keep hearing about how the costs of higher education continue to spiral upward, the number of people actually paying the full list price is at an all-time low.

According to the National Association of Colleges and Universities Officers, the average tuition discount rate - the percentage of the tuition that the school pays for - is up to 40 percent for all colleges. For private institutions, the figure is up to 45 percent. That's an all-time high, and marks the sixth straight year that number has gone up.

In 2012, 86.9 percent of all entering freshman got some sort of financial aid from their college. That figure averages 53.1 percent of the cost of the first year of attending school, then decreases in the subsequent school years.


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