According to a recent study of college costs by the National Center for Public Policy and HIgher Education, the portion of family income necessary to pay tuition at public colleges and universities has increased for most families over the past two decades. The report also says that students across all income levels are borrowing more now than they did a decade ago to pay for college.
Annual Tuition as a Percent of Yearly Family Income At Public, Four-Year Institutions |
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Percentage of 4th- and 5th- Year Seniors at Public, Four-Year Institutions Who Borrowed for College Costs |
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SOURCE: National Center for Public Policy and Higher Education |