New Study Finds that Increased Financial Aid Availability May Actually Hurt Students
It’s been an area of concern for quite a few years now, but there doesn’t seem to be an end in sight when it comes to rising college costs. A new study by the Federal Reserve Bank of New York shows that colleges are raising their prices -- in order to make money available for financial aid.
Senators such as Lamar Alexander say that students can afford college; however, the reality is vastly different. The average cost, according to College Board, for public schools is $9,139 and that number jumps to $31,231 for private schools. That number only includes tuition and fees, as well -- not books, board, meals, or other necessities. With the average American household income at less than $52,000, lower-income families cannot even begin to think about college, because it just isn’t a viable opt...
